    [Public Papers of the Presidents of the United States: George W. Bush (2006, Book I)]
    [May 11, 2006]
    [Page 921]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Statement on Senate Passage of Tax Legislation
    May 11, 2006

        I applaud the Senate for passing important tax relief that will help
    keep our economy strong and growing. This legislation prevents an
    enormous tax hike that the American people do not want and would not
    welcome. The bill will extend policies that have helped our economy
    flourish. We have had 18 straight quarters of growth, including 4.8
    percent growth in the last quarter, and the unemployment rate is 4.7
    percent. I appreciate the Senate leadership and Chairman
    Grassley for their hard work on behalf
    of American taxpayers and small businesses, and I look forward to
    signing this important legislation into law.