Watson Coleman: “contrary to specific evidence that shows the economy is growing, Alan Greenspan's positive comment about the 2001 tax…”

“contrary to specific evidence that shows the economy is growing, Alan Greenspan's positive comment about the 2001 tax cut, and most observers crediting the 2003 tax cut for creating the recent 7.2 percent GDP figure, some of the leading Democratic candidates for President, Dean and Gephardt, have said we should repeal all the tax cuts, in effect raising taxes just as our economy is beginning to grow. Senator Edwards has said that Governor Dean misses the point. On that, I quote: Unfortunately, instead of addressing the problem, he makes it worse by raising taxes on the middle class and families that work. Senator Lieberman has said repealing all the Bush tax cuts, as Dean and Gephardt have proposed, would hurt the middle class. I wonder if my colleagues will join me by rejecting the proposals by Dean and Gephardt to roll back the entire tax cut, which would raise the lowest tax bracket back up to 15 percent from 10 percent, reduce the child tax credit from $1,000 to $500, and force 4 million working poor people to pay taxes.”