Sunday, July 16, 2006
The President's Weekly Radio Address
Brief and to the point
In case you missed it, here is...
In case you missed it, here is...
President Bush's Radio Address to the Nation for July 15
Here are some quotes:
"This good news is no accident. It is the result of the hard work of the American people, and pro-growth economic policies in Washington, D.C. Since 2001, we have cut taxes for everyone who pays income taxes, reduced the marriage penalty, doubled the child tax credit, and put the death tax on the road to extinction. We cut tax rates paid by most small businesses and further encouraged expansion by cutting taxes on dividends and capital gains.
Together these tax cuts have left nearly $1.1 trillion in the hands of American small business owners, workers, and families. And you have used this money to help spur an economic resurgence that has produced 18 straight quarters of growth.
Some in Washington think the choice is between cutting taxes and cutting the deficit. This week's numbers show that this is a false choice. The economic growth fueled by tax relief has helped send tax revenues soaring. When the economy grows, businesses grow with it, people earn more money, and they pay taxes on this new income.
In 2005, tax revenues posted the largest increase in 24 years, and they're projected to rise again this year."
