Tom Price: “I appreciate that so much, because that is exactly right. Anybody that is opposed to extending these tax decreases is in…”

“I appreciate that so much, because that is exactly right. Anybody that is opposed to extending these tax decreases is in favor of, in fact, a tax increase. And what could we expect from continuing the tax decrease? Well, I would expect, just as I know my colleague would, that the revenues to the Federal Government will increase, more than enough, I am certain, to continue the appropriate programs that we should at the Federal level, and, in fact, what we ought to be able to anticipate is the opportunity to further continue those tax decreases. Now, I have some other examples of what happens when you decrease taxes that I would like to share with my colleagues. Remember, 2003 is when the tax decrease went into effect, and this chart here shows the amount of growth by each quarter, the amount of growth by each quarter before the tax cuts took effect and after tax cuts took effect. What you will see very clearly, this is as vivid as it gets, before the tax cuts took effect, you had kind of variable growth. We had the difficulty, as the gentleman mentioned, of the challenge of 9/11, the extreme hardship that we faced at that point and the difficulty of recovering from that. The tax cuts were put in place and they took effect at the beginning of 2003, and since then, since then we have had 10 straight quarters of plus 3 percent or more growth in GDP. In fact, every one of those quarters is greater than every one of the quarters before when the tax cuts were not in place.…”