[Weekly Compilation of Presidential Documents Volume 37, Number 14 (Monday, April 9, 2001)]
[Pages 583-584]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Statement on Senate Action on Federal Budget Legislation

April 6, 2001

    I want to say I've got a little news I'd like to report. I'm really 
pleased to report that the United States Senate just moments ago passed 
a budget that funds our Nation's priorities and allows for over $1.2 
trillion on meaningful, real tax relief for the American people.
    The House has already passed $1.6 trillion of tax relief. Now the 
House and Senate will work to find common ground between these two 
budget plans, and the result will be the largest tax relief in decades. 
The fact that both Houses of Congress have committed to provide 
significant relief is good for the American people, and it's good for 
the economy.
    When the House and Senate complete their work, they will have paved 
the way so the American people can receive an across-the-board income 
tax reduction, a doubling of the child credit, relief from the marriage 
penalty, and the elimination of the death tax. This budget also wisely 
increases spending on education, funds priorities like Medicare

[[Page 584]]

and Social Security, and pays down a record amount of debt.

    I applaud today's action and congratulate the Republicans and 
Democrats who helped make it happen.