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 Home > News & Policies > March 2003

For Immediate Release
March 5, 2003

Jobs and Economic Growth Fact of the Day

92,000,000

In 2003, 92 million American taxpayers would receive, on average, a tax cut of $1,083 under the President’s jobs and economic growth plan.

Action

  • Secretary of the Treasury John Snow testified on the President’s jobs and economic growth plan before the House Ways and Means Committee on Capitol Hill yesterday. The Secretary stressed the importance of the President’s plan, and the significant, immediate impact it would have on the American economy.

  • The President’s jobs and economic growth plan was introduced in the House and Senate on Thursday.

  • The President hopes that Congress will act quickly and demonstrate a bipartisan commitment to promoting economic growth and creating jobs.

  • The President’s plan would:
    • Speed up the 2001 tax cuts to increase the pace of the recovery and job creation.
    • Encourage job-creating investment in America’s businesses by ending the double taxation of dividends and giving small businesses incentives to grow.
    • Provide help for unemployed Americans, including extending unemployment benefits and creating new re-employment accounts to help displaced workers get back on the job.

  • This week, Secretary Snow will deliver several speeches about the President’s growth plan, as well as met with numerous Congressional leaders to discuss the job-creating package.