Continued Tax Relief Necessary

CONTINUED TAX RELIEF NECESSARY -- (House of Representatives - May 10, 2006)

Mr. PRICE of Georgia. Mr. Speaker, the evidence is crystal clear: 32 straight months of job growth, 5.3 million new jobs created since August of 2003, the stock market within sight of a record high and homeownership at an all-time high. These are all good things.

So how should we keep the good things going? Continue the policies that brought them about. The House should ensure that we build on this success by supporting the tax conference report. Positive action today will prevent, prevent, a tax hike on millions of hardworking American families and small businesses that would greatly harm our economy.

By extending the reduced rates on capital gains and dividends, all Americans, all Americans, will be able to plan for the future with a greater sense of stability.

Furthermore, we will extend alternative minimum tax relief for Americans. The AMT was created in the 1970s, and times were much different. Today, an unacceptable number of families are exposed to this unfair tax, and this needs to stop.

Mr. Speaker, the facts are crystal clear: The Republican progrowth economic policies adopted by this House and this Congress are leading the way, and I urge my colleagues on both sides of the aisle to put politics aside, vote for the American people, vote today to prevent a tax increase on millions of hardworking American families.

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