Bush's speech before Election Day_演讲_双语阅读-查字典英语网

Bush's speech before Election Day

Since August 2003, the American economy has created more than 6.6 million new jobs, including over 1.7 million jobs in the past 12 months alone. Real take-home wages are up by 2.2 percent over the past year, which means an extra $1,300 for the typical family of four with two wage earners. And the economic growth spurred by tax cuts has helped reduce the deficit. Tax revenues have soared as the economy has grown, allowing us to meet our goal of cutting the federal deficit in half -- three years ahead of schedule.

All these signs point to one conclusion: Cutting your taxes worked. Unfortunately, the Democrats are still determined to raise your taxes, and if they gain control of the Congress, they can do so without lifting a finger. Under current law, many of the tax cuts we passed have to be renewed by Congress or they will expire. In other words, if Congress fails to act, your taxes will automatically go up. If Democrats take control of the House, the committee in charge of all tax legislation would be chaired by a Democrat who recently said he "cannot think of one" of our tax cuts that he would extend. And if there's no legislation to renew and extend the tax cuts, every tax rate will go back up to its old, higher level.

Take just one example: If Democrats have their way, the child tax credit will be cut in half -- from $1,000 per child to just $500 per child. And think of what that means for your family. Next time you're having dinner at home, look around the table and multiply the number of children you have by $500. That's how much more you will be sending to Washington in taxes if Democrats take control of the Congress. If you have two children, that is an extra $1,000 the Democrats will add to your tax bill every year. If you have three children, that's an extra $1,500. If you have four children, that's an extra $2,000. That may not seem like a lot to Democrats in Washington, but for working families across America, that is real money.