The White House, President George W. Bush Click to print this document

For Immediate Release
Office of the Press Secretary
May 4, 2007

Fact Sheet: Job Creation Continues - More Than 7.8 Million Jobs Created Since August 2003

     Fact sheet In Focus: Jobs & Economy

April 2007 Marks 44th Consecutive Month Of Job Growth

Today, The Bureau Of Labor Statistics Released New Jobs Figures – 88,000 Jobs Created In April.  Since August 2003, more than 7.8 million jobs have been created, with more than 1.8 million jobs created over the twelve months ending in April.  Our economy has now added jobs for 44 straight months, and the unemployment rate remains low at 4.5 percent.

The American People Are Using The President's Tax Relief To Produce Strong And Lasting Economic Growth

Allowing Tax Relief To Expire Would Result In The Largest Tax Increase In Our Nation's History

As A Result Of The President's Tax Cuts, Every Taxpayer Who Paid Taxes Will Get Tax Relief This Year. In addition to cutting taxes on everyone who pays income taxes, the Administration has doubled the child tax credit, reduced the marriage penalty, cut taxes on dividends and capital gains, and put the Federal death tax on the road to extinction. As a result, in 2007:

Strong Economic Growth Has Helped Produce Record Levels Of Tax Revenue, Which Is Helping Us Toward Our Goal Of A Balanced Budget.  Receipts have increased nearly 35 percent since the tax relief was fully implemented in 2003, and the deficit has declined by $165 billion in the last two years.

Unless We Act To Make Tax Relief Permanent, Americans Will Face A Massive Tax Hike. The President's tax relief is set to expire at the end of 2010. If this happens, hard-working Americans will get stuck with the bill:

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