ECONOMIC GROWTH IN TENNESSEE -- (House of Representatives - May 23, 2005)
(Mrs. BLACKBURN asked and was given permission to address the House for 1 minute and to revise and extend her remarks.)
Mrs. BLACKBURN. Mr. Speaker, you know last year this body passed the 2004 Jobs and Growth Act, and this restored sales tax deductibility to our State.
Mr. Speaker, I wanted to rise tonight just to give an update on the good work this is doing in the State of Tennessee. We have a $272 million boost in our State revenues. Now, we are one of those States that does not have a State income tax. We have a State sales tax, and restoring that deductibility that the Republican leadership pushed forward in this House has paid dividends for the State of Tennessee.
It is like a lot of the other economic news that we are hearing: 274,000 new jobs that were created in the month of April; employment ranks grew by 598,000 jobs this last month, pushing it to over 141 million Americans who are working. These are the right decisions, the right steps to promote positive economic growth in our great Nation, and I thank the leadership for their work on that issue.