[Congressional Record (Bound Edition), Volume 150 (2004), Part 9]
[House]
[Page 11230]
[From the U.S. Government Publishing Office, www.gpo.gov]




                  BUSH ECONOMIC BOOM IS IN FULL SWING

  (Mr. WILSON of South Carolina asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  Mr. WILSON of South Carolina. Mr. Speaker, in this past Sunday's 
Washington Times, the highly revered economist Lawrence Kudlow spelled 
out very clearly how President George W. Bush's strong economic 
policies have produced a sustained surge in the economy.
  Mr. Kudlow rightly said that ``over the past year, following the 
enactment of the President's tax cut plan, real economic growth has 
increased 5 percent with only 1.6 percent inflation. After-tax profits 
have increased 37 percent. Business spending on equipment and software 
has grown 12.5 percent. Since last August, 1.1 million jobs have been 
created. Spendable income has increased 4.9 percent, and consumer 
spending is up 4.3 percent.''
  Indeed, not since Ronald Reagan was President has our economy grown 
faster. There can no longer be any question what effect lower taxes 
have on the economy. When Americans have more of their own money to 
spend and invest, the economy soars.
  President Bush should be proud that despite the battles he faced in 
making these tax cuts a reality, his vision for more jobs and a 
prosperous America has come true.
  In conclusion, may God bless our troops, and we will never forget 
September 11.

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