Enacting policies that help to create new jobs and grow our economy is a priority for Rep. Royce. Among the best ways to do this is to cut taxes so that Americans have more of their own money to spend and invest, to reduce burdensome regulations on small businesses so they are able to expand and hire more workers, and to limit wasteful government spending.
Congress has passed, with Rep. Royce's support, two historic tax relief packages that have kick-started our economy, increased investor confidence, and sparked new capital investment. Without these tax relief measures the economic slump that began in 2000 would have been deeper and the unemployment rate would have been higher.
We have been hearing more and more good news on our growing economy. The job growth, consumer confidence levels, retail sales, manufacturing and housing activity, and unemployment numbers have affirmed what many in California have been feeling, and that is the economy is growing and jobs are coming back to California. Right now, more Americans are working than ever before. It is an encouraging picture for almost every sector of the economy.
There are two main factors which Rep. Royce believes have helped with the recent job and economic growth in California: the tax relief and job growth reforms passed by Congress, and the pro-business, common sense solutions of Governor Schwarzenegger. Respected economists have credited the tax relief as one of the major factors behind the current economic growth that we are experiencing. In addition, Governor Schwarzenegger's reforms are bringing business and investment back to California.