American Economy Flourishes

AMERICAN ECONOMY FLOURISHES -- (House of Representatives - December 08, 2005)

(Mr. WILSON of South Carolina asked and was given permission to address the House for 1 minute and to revise and extend his remarks.)

Mr. WILSON of South Carolina. Mr. Speaker, workers throughout our country have over 4.25 million reasons to agree that the American economy continues to improve under Republican leadership.

Since President Bush signed the Jobs and Growth Act of 2003, the news about the economy has been overwhelmingly positive. 4.5 million new jobs have been created. The unemployment rate is lower than the average of the past three decades. The economy grew at 4.3 percent over the past 10 quarters. Tax receipts increased by $274 billion in just one year after the tax cuts, the largest increase ever due to economic growth.

As the Republican Congress continues to pass legislation that will decrease the tax burden upon American workers and eliminate excessive government regulations, our economy will continue to flourish. We will work hard to ensure that the American people, not the Federal Government, have control over their hard-earned money.

In conclusion, God bless our troops, we will never forget September 11, and the lifetime of service of the late Governor Carroll Campbell.

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