[Congressional Record (Bound Edition), Volume 149 (2003), Part 20]
[House]
[Page 27403]
[From the U.S. Government Publishing Office, www.gpo.gov]




                             TAX CUTS WORK

  (Mr. KINGSTON asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. KINGSTON. Mr. Speaker, do the tax breaks work? Well, not 
according to Howard Dean and Al Sharpton and Wesley Clark and all the 
other liberal left running for President. But a funny thing happened in 
the economy. Last month, the numbers came out. The gross domestic 
product increased 7.2 percent. The economic growth rate, one of the 
highest since 1984 when Ronald Reagan was President, right after he had 
cut taxes. The jobless claims have decreased. More people are working 
and there has been a surge in productivity.
  Do tax cuts work? Well, the economy and the economic numbers that are 
just out say, yes, they do. People are working. Revenues are up. Why do 
they work? Because if a worker has more money in his pocket then he is 
going to go out and spend more. Small businesses will respond by 
increasing their inventory. When they do that and demand goes up, they 
hire more people. When more people are hired, more people are paying 
taxes and fewer people are on welfare depending on government checks. 
Tax breaks work.

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