just today one leading national newspaper reported the Federal revenue has gone up 11.2 percent in the first 7 months of this fiscal year over last year, three times the rate of inflation. The tax cuts enacted under Chairman Thomas' leadership have strengthened the economy so much that not only has Federal revenue gone way up, but growth was 4.8 percent the first quarter, and unemployment is at a very low 4.7 percent. Now, as to the deficit and the debt that some on the other side have mentioned, they are too high. But those on the other side attack us continually for not spending enough on every program out there. Well, you can't have it both ways. You can't continually enact big increases in spending and lower the debt at the same time. But the best way, the best thing we can do is to keep lowering taxes so we can keep improving our economy. And I commend Chairman Thomas and his staff, and I thank the gentleman for giving me this time. And I rise in strong support and urge support for this conference report.
Jeff Duncan: “just today one leading national newspaper reported the Federal revenue has gone up 11.2 percent in the first 7 months of…”
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