[Congressional Record (Bound Edition), Volume 152 (2006), Part 10]
[House]
[Pages 13786-13787]
[From the U.S. Government Publishing Office, www.gpo.gov]




                  BUSH TAX CUTS TACKLE FEDERAL DEFICIT

  (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. Madam Speaker, in a rare display of 
accuracy, today the New York Times highlighted how the Bush tax cuts 
are helping tremendously reduce the Federal deficit. As the drive-by 
paper reported, an unexpected steep rise in tax revenues from 
corporations and the wealthy is driving down the projected deficit this 
year. On Friday, the Congressional Budget Office reported that 
corporate tax receipts for the 9 months ending in June hit $250 
billion, nearly 26 percent higher than the same time last year, and 
that overall revenues were $206 billion higher than at this point in 
2005.

[[Page 13787]]

  This incredible increase in tax receipts demonstrates that Republican 
policies are truly benefiting all sectors of the American economy. By 
reducing taxes, we have helped American businesses create jobs and, in 
turn, contribute larger amounts, reducing the Federal deficit. House 
Republicans will continue to work to make these effective tax cuts 
permanent.
  In conclusion, God bless our troops, and we will never forget 
September 11.

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