[Congressional Record (Bound Edition), Volume 151 (2005), Part 6]
[House]
[Page 8430]
[From the U.S. Government Publishing Office, www.gpo.gov]




                    REAL ECONOMIC GROWTH FOR AMERICA

  (Mrs. BLACKBURN asked and was given permission to address the House 
for 1 minute and to revise and extend her remarks.)
  Mrs. BLACKBURN. Mr. Speaker, America is on a really great economic 
track right now. Since 2000, Congress and this great Nation both have 
had to contend with a recession, with terrorism, but we have dealt with 
this by enacting tax relief and working to decrease regulatory burdens 
on America's workers. What we are seeing is real growth.
  Now, the first quarter of this year we have seen a 3.1 percent growth 
in the GDP. It is good and solid. To put it all in perspective, going 
back to October and December of 2004, the fourth quarter of last year, 
look at what we had going on here. Germany, 1.5 percent growth, Italy 
and Japan both at eight-tenths of one percent growth. During that time, 
America had 3.9 percent GDP growth. Do we know why? It is because we 
have fought to lower taxes and reduce burdensome regulation both 
together, while other nations have kept raising their taxes and 
imposing more regulation.
  What does this show? It tells us that if we want more of something, 
we tax it less, we regulate it less.

                          ____________________