[Congressional Record (Bound Edition), Volume 152 (2006), Part 9]
[House]
[Page 11738]
[From the U.S. Government Publishing Office, www.gpo.gov]




                         FISCAL RESPONSIBILITY

  (Ms. FOXX asked and was given permission to address the House for 1 
minute.)
  Ms. FOXX. Mr. Speaker, there are two strikingly different 
philosophies at work here in Washington. On one side are fiscally 
conservative Republicans who want to cut government spending and rein 
in the Federal deficit. On the other side are Democrats who believe 
that raising taxes and spending tax dollars solves all problems. But we 
all know better than that.
  Republicans are the party of fiscal discipline, reform, and 
accountability. We have been working very hard to exercise fiscal 
restraint and keep taxes low, and our economy is thriving as a result.
  Last week, The Wall Street Journal reported that surging individual 
and corporate tax receipts in May have helped to reduce the Federal 
budget deficit down 16.6 percent from the same period a year earlier.
  Mr. Speaker, fiscal restraint and tax relief are stimulating the 
economy and increasing tax revenues. The Treasury Department predicts 
that if these Republican policies continue, we will cut the Federal 
deficit in half well before President Bush's goal of 2009.

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