For Immediate Release
Wednesday, October 4, 2006
Contact: Jim Billimoria
202-225-4501
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Stock Market Hits Record High

Washington, DC - Rep. Tom Price (GA-06-R) issued the following statement after the Dow Jones Industrial Average reached a record high on Tuesday, October 3.

“The all-time high reached by the Dow Jones Industrial Average is one more sign of a booming American economy,” said Price. “Republican-led tax cuts have put more money into the pockets of Americans, and they are in turn investing in this country’s bright future. Republican inspired economic growth has created 5.7 million jobs and a low unemployment rate of 4.7 percent.”

“The American economy remains a world leader – having grown faster than any other major industrialized nation in the first half of this year. Homeownership is near 70 percent, and consumer confidence remains high. It is incumbent upon the nation’s leadership to remain committed to the policies that have created this extraordinary growth. We must not respond to this good news with burdensome tax increases that stifle growth and rob the average American of their hard-earned money.”

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