For Immediate Release
Office of the Press Secretary
August 28, 2007
President Bush Pleased With Lowered Poverty Rate
When we keep taxes low, spending in check, and our economy open - conditions that empower businesses to create new jobs - all Americans benefit. Census Bureau data released today confirms that more of our citizens are doing better in this economy, with continued rising incomes and more Americans pulling themselves out of poverty.
The Census data shows that income gains in 2006 were substantial and widespread across all income categories. And the largest percentage income gains occurred for people in the bottom 20% of incomes.
The data also shows that poverty levels improved significantly, with nearly half a million fewer people living below the poverty line in 2006 than in 2005. Moreover, the poverty rate in 2006 was lower than all but one year in the 1980s and 1990s.
The Census data also shows that challenges remain in reducing the number of uninsured Americans. Containing costs and making health insurance more affordable is the best way to reverse this long-term trend. I have put forth a reform proposal that would fairly distribute the tax advantages to purchasing health insurance - encouraging more workers to purchase their own health insurance.
What American workers do not need right now are tax increases to fuel excess spending by the Congress. I encourage Democratic leaders in Congress to resist their urge to increase taxes on Americans and to live within the budget limits I've proposed. It's vital that we do not undermine an economy that has created more than 8.2 million new jobs over the past four years and is improving standards of living for so many American families.
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