[Congressional Record (Bound Edition), Volume 149 (2003), Part 20]
[House]
[Page 28163]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              THE ECONOMY

  (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, the economy is turning around: a 7.2 
percent growth last quarter in the gross domestic product, the largest 
since Ronald Reagan cut taxes in 1984. The jobless claims have fallen. 
More people are working than ever before. Productivity has increased. 
Tax cuts work.
  Why do they work? Because the more money a worker has in his pocket, 
the more money he is going to spend. When he goes out and buys more 
clothes, tires, or hamburgers, small businesses react by expanding 
their inventory. When they do that, they also hire more employees. When 
more people have jobs, more people are working, more people pay taxes, 
and less people are dependent on government welfare checks.
  Tax cuts work. The best solutions are always seen in the private 
sector and not in government. I hope the next time when we have an 
opportunity to make these tax cuts permanent that we can get the 
Democrats, particularly those in the other body, to join us in making 
these tax cuts a permanent part of our Tax Code.

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