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Skriven 2006-04-05 23:36:36 av Whitehouse Press (1:3634/12.0)
Ärende: Press Release (0604059) for Wed, 2006 Apr 5
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Just the Facts: President Bush's Pro-Growth Tax Relief Benefits All
Americans Who Pay Income Taxes
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For Immediate Release
April 5, 2006

Just the Facts: President Bush's Pro-Growth Tax Relief Benefits All
Americans Who Pay Income Taxes




The New York Times' Own Numbers Show That The 2001-2003 Enacted Tax Relief
Benefits Middle-Class Americans

FACT: The 92.1 million taxpayers with annual incomes of less than $50,000
in 2003 saw a 47 percent reduction in their average tax bill from President
Bush's 2001-2003 income tax relief. ("Who Benefits Most From Tax Cuts On
Investment Income," The New York Times, 4/5/06)

FACT: The 26.9 million taxpayers with annual incomes between $50,000 and
$100,000 in 2003 saw a 20 percent reduction in their average tax bill from
President Bush's 2001-2003 income tax relief. ("Who Benefits Most From Tax
Cuts On Investment Income," The New York Times, 4/5/06)


Regular Income Tax Cuts, 2001-2003

Income In 2003

Number Of Taxpayers

Average Adjusted Gross Income

Average Tax Cut

Pct. Chg. In Avg. Tax Bill

Less Than $50,000

92,093,452

$19,521

$425

-47%

$50,000 To 100,000

26,915,091

70,096

1,588

-20

The New York Times, 4/5/06)

FACT: In the last five years, the President's tax relief has helped spur
growth by keeping $880 billion in the hands of the American people.

Democrat Support For Higher Taxes

FACT: Most Congressional Democrats voted against the Economic Growth and
Tax Relief Reconciliation Act of 2001. (H.R. 1836, CQ Vote #149: Adopted
240-154: R 211-0; D 28-153; I 1-1, 5/26/01; H.R. 1836, CQ Vote #170:
Adopted 58-33: R 46-2; D 12-31, 5/26/01)
  þ 

    FACT: The Economic Growth and Tax Relief Reconciliation Act of 2001
    provided tax relief for married couples.
  þ 

    FACT: The Economic Growth and Tax Relief Reconciliation Act of 2001 put
    the death tax on the road to extinction.
  þ 

    FACT: The Economic Growth and Tax Relief Reconciliation Act of 2001
    doubled the child credit.

FACT: Nearly all Congressional Democrats voted against the Jobs and Growth
Tax Relief Reconciliation Act of 2003. (H.R. 2, CQ Vote #225: Adopted
231-200: R 224-1; D 7-198; I 0-1, 5/23/03; H.R. 2, CQ Vote #196: Adopted
51-50: R 48-3; D 2-46; I 0-1, With Vice President Cheney Casting A "Yea"
Vote, 5/23/03)
  þ 

    FACT: The Jobs and Growth Tax Relief Reconciliation Act of 2003 cut
    taxes on capital gains and dividends.

President Bush's Pro-Growth Policies Are Producing Results

FACT: Last year, the economy grew at a healthy 3.5 percent rate _ faster
than any other major industrialized country.

FACT: Over the past two-and-a-half years, we have added nearly 5 million
new jobs _ more than Japan and the European Union combined.

FACT: The unemployment rate is at 4.8 percent _ lower than the average of
the 1970s, 1980s, and 1990s.

FACT: More Americans now own their homes than at any time in our Nation's
history, and minority home ownership rates have reached record highs.

FACT: Productivity in the non-farm business sector has grown faster over
the last five years than any five year period in the last 39 years, and
small businesses are thriving.

FACT: Inflation is contained, household total net worth is at an all-time
high, and real after-tax income is up more than 8 percent since the
beginning of 2001.

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