Thomas Foley: “1 year ago today, President Bush signed into law the Jobs and Growth Tax Relief Reconciliation Act of 2003, enabling…”

“1 year ago today, President Bush signed into law the Jobs and Growth Tax Relief Reconciliation Act of 2003, enabling American workers, families, and businesses to keep more of their own money and laying a foundation for economic growth and job creation now and for years to come. Eleven million individuals and families will receive an average tax cut of $1,500; 49 million married couples will have an average tax cut of $2,600. The President's tax relief is helping American job seekers. Unemployment has fallen to 5.6, the lowest average unemployment rate of the 1970s, 1980s, and 1990s. In my State of Florida, unemployment is at 4.7, showing jobs are being created and people are working. The President's tax relief is helping the budget of America's families, increasing disposable income, allowing them to buy the things they need for their families and their homes. And the President's tax relief is helping America's businesses. The stock market is up 18 percent, increasing America's capital base by more than $2 trillion. All in all, this is working, jobs are growing, the economy is strong. We salute the President for his leadership.”