As he has pointed out, in the 2006 budget we had reduced spending by $40 billion. It was called the Deficit Reduction Act, a first step. Our colleagues across the aisle immediately increased spending in what was to have been a continuing resolution. Then we look at taxes. We reduced taxes, which stimulated the growth of the economy and growth of jobs. Our colleagues across the aisle have already raised taxes by $32 billion. And as my colleague from Texas said, we have more workers than ever in the American workforce at this point in time. There are more Americans than ever holding a job and getting a paycheck. And over the past 4 years, we have seen the addition of 7.2 million new jobs to the U.S. economy. Now, these are not new hires. These are new jobs, newly created jobs. And, Madam Speaker, I think that that is important for us to put the attention on. These are jobs where a business owner sits down and says, ``I can create a new position. We have our taxes down. We have seen some regulatory relief. We are doing well. We see growth in this business. We see a future that indicates growth.''
Editor's note · Context
Discussing budget reductions and job creation during a floor speech.
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