Political Quotes

Steve Pearce: And he did stimulate growth in the economy. At one point, July of last year, New Mexico was number two in job growth.…

On the recordJune 25, 2004
And he did stimulate growth in the economy. At one point, July of last year, New Mexico was number two in job growth. Keep in mind, they were like 43rd or 44th in per capita income. So job growth that high is tremendous. The next thing that I would observe is that since I graduated from college, tax freedom day, that is the day which we all work until to pay the taxes, tax freedom day has always been in late May, early June. And now, because of the tax cuts we have given, tax freedom day this year occurred on April 11, and I hear people telling me thank you. A gentleman in Ruidoso, New Mexico, grabbed me the last time I was there, shook my hand and said, ``I have six kids,'' and he said, ``I will tell you that I saw the tax breaks in my paycheck.'' Watson Trucking Supply in Hobbs, New Mexico, are goods friends of mine; I have known them throughout my career there in Hobbs. They were set to lay off people before our tax cuts. They had run completely out of manufacturing back orders, no new business; they were set to lay off. The day that we passed the tax and jobs bill here in Congress, he got more back orders than he had ever had, he had 2 years' worth of work laid out in front of them; and instead of laying off people, they began to hire people. The potash mines in New Mexico have begun to hire because now the potash market is lifting with the overall market. The copper mines in western New Mexico, Phelps Dodge has put miners back to work there mining copper.
Said by
Steve Pearce
New Mexico

Editor's note · Context

Discussing the impact of tax cuts on job growth and economic recovery in New Mexico.

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