By next St. Patricks Day, 34 million families with children will
benefit from extra green in their pocketsan average tax cut of $1,473
in 2003 under the Presidents economic growth plan.
The Presidents jobs and economic growth plan builds on the
success of the 2001 tax cuts. Republicans and
Democrats in Congress have already enacted these cuts. The
President believes the time to deliver this relief is
now when it can do the most good for American families not
years from now.
The President wont be satisfied until every American who wants
a job can find a job, and all Americans have
92 million taxpayersespecially middle-income taxpayerswill
benefit from the Presidents plan as rate reductions
and other tax relief provisions passed by Congress in 2001 are
made effective immediately. Accelerated reduction
of the marriage penalty, a faster increase in
the child tax credit, and immediate
implementation of the wider 10 percent tax bracket will benefit
many middle-income families.
The Presidents plan would:
Speed up the 2001 tax cuts to increase the pace of the recovery
and job creation.
Encourage job-creating investment in Americas 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 President has urged Congress to move quickly and act on his
economic proposals to encourage our Nations
entrepreneurs, speed up economic growth and generate new jobs for American workers.