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Wilson: Our Economy is Surging

Wednesday October 18, 2006

FOR IMMEDIATE RELEASE
October 18, 2006

CONTACT: Kim Olive
(202) 225-2452 (Office)
(202) 420-9493 (Cell)


Wilson: Our Economy is Surging

Dow Hits 12,000 Mark

WASHINGTON – Congressman Joe Wilson (SC-02), member of the House Committee on Education and the Workforce, today released the following statement after the Dow Jones Industrial Average reached an all-time high of 12,000:

“This morning, the U.S. stock market hit its highest ever trading mark.  A surging market affects all Americans, whether directly or indirectly.  A healthy economy creates jobs, fights inflation, drives down prices, and increases the quality of life nationwide.

“Former President Bill Clinton’s slogan ‘It’s the Economy, Stupid’ resonated with American families during his presidential campaign.  Unfortunately, Mr. Clinton’s own party has failed Economics 101. 

“Republicans are committed to cutting taxes and decreasing government spending to ensure our growing economy continues to thrive.  Capitol Hill Democrats, in contrast, will raise taxes on American families and drive down the stock market, thereby choking the life of our economy.”

Capitol Hill Democrats on Taxes and Spending

Charles Rangel, House Committee on Ways and Means ranking member:

When asked what tax cuts he would consider allowing to expire, Rangel replied, “[E]verything has to be on the table.”

“I’m not picking and choosing ... which of the president’s tax cuts at this time should be renewed.”

Asked whether tax increases across the income spectrum would be considered, he replied, “No question about it.”

- Congress Daily PM, September 26, 2006

Senator Hillary Clinton, presumed Democratic presidential frontrunner:

“We’re saying that for America to get back on track, we’re probably going to cut that [tax cuts] short and not give it to you. We’re going to take things away from you on behalf of the common good.”

- Associated Press, June 29, 2004

Nancy Pelosi, House Minority Leader:

Asked if a Democrat-controlled House would raise taxes, Pelosi replied, “Well, you put everything on the table and you decide what are the priorities for the American people.”

- NBC’s Meet the Press, May 7, 2006


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