I find it is always interesting that my Democratic friends advocate permanent increases in spending and they are always first in line to advocate permanent increases in taxes, but they will fight tooth and nail any permanent tax cut. That is what I would like to talk about today, and that is, the fact that just a little over a year ago today President Bush signed into law a tax cut, a tax cut unfortunately because of congressional rules that had to be a temporary measure; but this was a tax cut which provided across-the-board tax relief for every American. When President Bush became President, he inherited a weak economy; and he said if we could put a little bit of money back into the pocketbooks of working families, they will have some extra money to meet their needs back home; and, frankly, that money in the private sector will get our economy moving again, and of course, economists told us that since that bill was signed into law in June that by Labor Day of last year the economy was on the rebound.
Editor's note · Context
Discussing tax cuts and economic recovery during a speech on the House floor.
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