Republican Tax Cuts and Fiscal Restraint Continue to Lead America's Economy on the Right Course

Republican Tax Cuts and Fiscal Restraint Continue to Lead America's Economy on the Right Course

Speaker of the House J. Dennis Hastert (R-IL) today issued the following remarks regarding the U.S. Department of Labor report showing 92,000 jobs were created in the month of October. Meanwhile, the Dow continues to reach record highs, the unemployment rate has dropped to 4.4 percent, and gas prices continue to fall.

"Democrats want to talk about their ‘New Direction,' but the only direction their plan will take the economy is straight down.

"Under Republican House Leadership our economy has seen unprecedented growth and prosperity. We have seen more than 6.6 million jobs created since Republicans enacted our tax cuts in 2003. The unemployment rate remains lower than the average rate of the 60s, 70s, 80s and 90s. The Dow has just hit record highs and continues climbing. We have cut the federal deficit in half three years ahead of schedule and gas prices continue to drop while income and wages continue to rise.

"No amount of negative Democrat rhetoric can take away from our booming economy. Only a Democrat controlled Congress can kill this growth. The Democrats will raise taxes and lower the stock market faster than you can say '401(k).' They just can't wait to get their hands on your money and spend it to fund their liberal agenda.

"House Republicans plan to make the tax cuts permanent -- to keep the economy growing. House Democrats will TAKE your tax cuts -- raising your taxes by $2000.

"There could be no clearer difference between the two party philosophies -- and no clearer choice for America."

http://speaker.house.gov/library/econ/061103JobNumbers.shtml