[Congressional Record (Bound Edition), Volume 150 (2004), Part 10]
[House]
[Page 13626]
[From the U.S. Government Publishing Office, www.gpo.gov]




        ONE-YEAR ANNIVERSARY OF THE JOBS AND GROWTH ACT OF 2003

  (Mr. FOLEY asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. FOLEY. Mr. Speaker, 1 year ago today, President Bush signed into 
law the Jobs and Growth Tax Relief Reconciliation Act of 2003, enabling 
American workers, families, and businesses to keep more of their own 
money and laying a foundation for economic growth and job creation now 
and for years to come.
  Eleven million individuals and families will receive an average tax 
cut of $1,500; 49 million married couples will have an average tax cut 
of $2,600.
  The President's tax relief is helping American job seekers. 
Unemployment has fallen to 5.6, the lowest average unemployment rate of 
the 1970s, 1980s, and 1990s. In my State of Florida, unemployment is at 
4.7, showing jobs are being created and people are working.
  The President's tax relief is helping the budget of America's 
families, increasing disposable income, allowing them to buy the things 
they need for their families and their homes. And the President's tax 
relief is helping America's businesses. The stock market is up 18 
percent, increasing America's capital base by more than $2 trillion.
  All in all, this is working, jobs are growing, the economy is strong. 
We salute the President for his leadership.

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