Saturday, July 19, 2003

President Bush's Radio Address: July 19, 2003

I just read via the U.S. Newswire, the text of the President's weekly radio address. He talks a lot about the Jobs and Growth Act of 2003, which he recently signed into law:

... Next week, the United States Treasury will begin printing and mailing more than 25 million child tax credit checks, putting over $12 billion back into the hands of American families. These rebates are the result of the Jobs and Growth Act I recently signed into law, which increases the child tax credit from $600 to $1,000 per child. And because this new law reduced income tax rates, businesses earlier this month lowered tax withholding for worker paychecks. Now, those workers and their families have a lighter tax bill and more take-home pay...

... My administration remains focused on faster economic growth that will translate into more jobs. Now that Americans can keep more of what they earn, we can expect to see rising demand for goods and services. And as demand increases, companies will need more workers to meet it...

... Government does not create prosperity. Government can, however, create the conditions that make prosperity possible. The Jobs and Growth Act of 2003 was based on the fundamental faith in the energy and creativity of the American people. With hard work and daily determination, entrepreneurs and workers are moving this economy forward. The American economy is headed in the right direction, and we can be confident of better days ahead.

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