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Skriven 2006-10-28 23:31:30 av Whitehouse Press (1:3634/12.0)
Ärende: Press Release (061028) for Sat, 2006 Oct 28
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President's Radio Address
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For Immediate Release
Office of the Press Secretary
October 28, 2006

President's Radio Address


ÿÿÿÿÿ Audio ÿÿÿÿÿ In Focus: Job & Economy ÿÿÿÿÿ

THE PRESIDENT: Good morning. Election Day is around the corner, and one of
the biggest issues at stake in this campaign is your taxes. Here is my
philosophy: I believe that our economy grows and the American Dream reaches
more citizens when you keep more of what you earn. With more money in your
pocket, it is easier for families to afford a good education, it is easier
for young people to afford the down payment on a home of their own, and
it's easier for small business owners to go out and invest and create jobs.

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So my administration and the Republican Congress enacted the largest tax
relief since Ronald Reagan was in the White House. We cut taxes for every
American who pays income taxes. We doubled the child tax credit. We reduced
the marriage penalty. We cut taxes on small business. We cut taxes on
capital gains and dividends to promote investment and jobs. And to reward
family businesses and farmers for a lifetime of hard work and savings, we
put the death tax on the path to extinction.

Now the results of these tax cuts are in. The tax cuts we passed have left
more than a trillion dollars in the hands of American workers, families,
and small businesses, and you have used that money to fuel a strong and
growing economy. Last year, our economy grew faster than any other major
industrialized nation. This week, we learned that our economy grew by 1.6
percent during the third quarter of this year. As we expected, this rate is
slower than in previous quarters. Yet the evidence still points to a
vibrant economy that is providing more jobs and better wages for our
workers and helping reduce the federal deficit.

Since August 2003, the American economy has created more than 6.6 million
new jobs, including over 1.7 million jobs in the past 12 months alone. Real
take-home wages are up by 2.2 percent over the past year, which means an
extra $1,300 for the typical family of four with two wage earners. And the
economic growth spurred by tax cuts has helped reduce the deficit. Tax
revenues have soared as the economy has grown, allowing us to meet our goal
of cutting the federal deficit in half -- three years ahead of schedule.

All these signs point to one conclusion: Cutting your taxes worked.
Unfortunately, the Democrats are still determined to raise your taxes, and
if they gain control of the Congress, they can do so without lifting a
finger. Under current law, many of the tax cuts we passed have to be
renewed by Congress or they will expire. In other words, if Congress fails
to act, your taxes will automatically go up. If Democrats take control of
the House, the committee in charge of all tax legislation would be chaired
by a Democrat who recently said he "cannot think of one" of our tax cuts
that he would extend. And if there's no legislation to renew and extend the
tax cuts, every tax rate will go back up to its old, higher level.

Take just one example: If Democrats have their way, the child tax credit
will be cut in half -- from $1,000 per child to just $500 per child. And
think of what that means for your family. Next time you're having dinner at
home, look around the table and multiply the number of children you have by
$500. That's how much more you will be sending to Washington in taxes if
Democrats take control of the Congress. If you have two children, that is
an extra $1,000 the Democrats will add to your tax bill every year. If you
have three children, that's an extra $1,500. If you have four children,
that's an extra $2,000. That may not seem like a lot to Democrats in
Washington, but for working families across America, that is real money.

The decision you make on Election Day will have a direct impact on
America's economy and on your family budget. So this coming week I'll be
traveling across America, and I'll be carrying this message: Whether you're
a worker earning a paycheck, or a small business owner who's thinking about
hiring more workers, or a family worried about gas prices or health care
costs, the last thing you need now is a higher tax bill. To keep this
economy growing and delivering prosperity to more Americans, we need
leaders in Washington who understand the importance of letting you keep
more of your money, and making the tax relief we delivered permanent.

Thank you for listening.

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