[Congressional Record (Bound Edition), Volume 153 (2007), Part 19]
[House]
[Page 26857]
[From the U.S. Government Publishing Office, www.gpo.gov]




                    GOOD NEWS ON THE ECONOMIC FRONT

  (Mrs. BLACKBURN asked and was given permission to address the House 
for 1 minute and to revise and extend her remarks.)
  Mrs. BLACKBURN. Madam Speaker, I too today stand to pay tribute to 
our colleague Jo Ann Davis and to express my condolences to her family, 
her friends, and her staff. She will be missed in this body.
  I also rise today to have a little bit to say about the economic news 
that is coming out. We have a Presidential debate on the issue tonight.
  The bipartisan Congressional Budget Office has released a reported 
today; and according to the CBO, the Republican tax cuts going back to 
2003, the tax cuts started then have fueled our growing economy and 
they are responsible for shrinking the Federal deficit, this time by 35 
percent. What incredible economic news.
  We also find out that Americans paid a record $2.5 trillion in taxes 
in 2007 and Federal receipts have climbed since when? Since the 2003 
tax reductions were put in place. And it has fueled the largest 4-year 
revenue increase in U.S. history.
  Madam Speaker, it is good news on the economic front. I highlight 
this good news to my colleagues and encourage them to read the CBO 
report.

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