Thanks to the Republican tax cuts, the economy is strong and getting stronger. The economy recently grew faster than any time in the past 20 years. In the past 4 months, 1 million new jobs were created. The unemployment rate dropped in the last year from 6.3 percent to 5.6 percent. Today's unemployment rate is lower than the average during the 1970s, the 1980s, and the 1990s. Instead of engaging in partisan rhetoric, we should focus on the bipartisan bill before us which will strengthen the unemployment compensation system and make it fairer to all. The administration strongly supports House passage of H.R. 3463, the SUTA Dumping Prevention Act, which would strengthen the financial integrity of State unemployment insurance (UI) programs. The bill would support the President's management agenda by saving hundreds of millions of dollars in fraudulent UI benefit payments and reduce tax avoidance by employers. I urge all my colleagues to support this legislation.
WALLY HERGER: “Thanks to the Republican tax cuts, the economy is strong and getting stronger. The economy recently grew faster than any…”
On the recordJuly 14, 2004
Source
govinfo.govEditor's note · Context
Discussing the economic impact of tax cuts and supporting the SUTA Dumping Prevention Act.
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