On the recordMarch 2, 2006
Congresswoman Foxx, thank you so very, very much for coming and joining us today and really painting a wonderful picture. Mr. Speaker, I do not know if you heard all of the items that Congresswoman Foxx ticked off there, but this is positive news. This is great news. This is good, good news. Consumer confidence increasing, incomes up across the Nation, average real after-tax income per person has risen 7.9 percent, retail sales increased, manufacturing continues to expand, durable goods orders on the rise, new orders for durable goods increased 1.3 percent in December with new orders for machinery rising 6.5 percent, the highest level since the series began tracking that in 1992. That is good news. Productivity growth is strong. Productivity increased 2.3 percent and has grown 3.2 percent, at that annual rate, since the end of 2000. That is good news. Construction rates up; all-time high. Again, remarkable. Remarkably good news. And that is what the Official Truth Squad is all about, coming to the floor to give honesty to the debate. Truthful numbers. Real numbers. Because it is important that people have that in order to make decisions. Something that has been alluded to a number of times as we have had our discussion here today is the effect of tax decreases. I call them fair tax decreases. Some people call them tax cuts, I guess. I call them fair tax decreases. And what they will say is, we cannot have any more tax cuts.…
Source
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