BUSH Economic Speech Transcript (replay: CSPAN 8 EST)

The White House ^ | January 7, 2003 | President George W. Bush

[RobFromGa]

What a Fantastic Speech. Watch this one!

[Glenn]

But the Congress must also understand this: The American people deserve and expect spending discipline in Washington, D.C. (Applause.) With spending discipline and with pro-growth policies, we will expand the economy and help bring down this deficit.

Right, Bush. Spending discipline means zilch to Congress. Where's the beef, Baby Bush? Where's your plan for cutting spending? How is expanding the economy going to bring down the deficit when you are expanding on credit?

This sucks. I am completely disappointed that this is all he could find to say about the "un-tax and spend anyway" Congress.

[RobFromGa]

This is the afternoon setup where he announces the policy and gets all the talking heads spinning.

The real speech is the State of the Union. It needs to be powerful on both the War on Terror and the Economic Tax Relief Plan. I think he can pull it off.

[kellynla]

FYI you can listen to the speech now at www.whitehouse.gov Very good speech. He addressed the death tax, marriage penalty tax and taxes on dividends. Now if they can hold the line on spending in Congress we should be in very good shape this year.

[kellynla]

Rob, my oversight. I see you already have it linked.

[OXENinFLA]

Thanks I was planing on it thanks for the time info.

[hchutch]

"Many jobs are lost in America because government imposes unreasonable regulations, and many jobs are lost because the lawsuit culture of this country imposes unreasonable costs."

These words are perhaps the most important, IMO.

If we can deal with these, we can compete with any country.

[Hermann the Cherusker]

What a great tax-cut program! I'd personally see around $1500 back from this. I could definitely use that cash.

[GretchenEE]

bump

[k2blader]

Bump.

[MurryMom]

New York Times gives impact of removal of dividend tax:

TAX BENEFITS FOR 2003 BY INCOME:

Income Percentile: 0-20

Income Range*: $0-9,964

Average Change in Tax: -$6

Percentage of Total Income Tax Change: 0.4%

Income Percentile: 20-40

Income Range*: $9,965-21,349

Average Change in Tax: -$20

Percentage of Total Income Tax Change: 1.3%

Income Percentile: 40-60

Income Range*: $21,350-37,834

Average Change in Tax: -$47

Percentage of Total Income Tax Change: 3.0%

Income Percentile: 60-80

Income Range*: $37,835-68,329

Average Change in Tax: -$168

Percentage of Total Income Tax Change: 10.7%

Income Percentile: 80-90

Income Range*: $68,330-98,053

Average Change in Tax: -$304

Percentage of Total Income Tax Change: 9.7%

Income Percentile: 90-95

Income Range*: $98,054-133,858

Average Change in Tax: -$622

Percentage of Total Income Tax Change: 9.9%

Income Percentile: 95-99

Income Range*: $133,859-316,894

Average Change in Tax: -$1,777

Percentage of Total Income Tax Change: 22.7%

Income Percentile: 99-100

Income Range*: $316,895 and up

Average Change in Tax: -$13,243

Percentage of Total Income Tax Change: 42.3%

*Adjusted gross income on tax return

[MurryMom]

I could definitely use that cash.

So could I, but will our children be able to afford paying interest on the increased budget deficit that will certainly result from Dumbya's foolish payoff to the wealthiest few?

[Grit]

So glad to see you again, Mom. It seems like you've been gone for ages. Where have you been hiding? DU? MichaelMoore.com?

[Flyer]

will our children be able to afford paying interest on the increased budget deficit

Being killed by Radical Islam VS a budget deficit?

Easy decision for me

---

Houston Area Texans

[Right_in_Virginia]

This is a must watch speech. It was terrific. Turn off O'Reilly and switch to C-Span at 8:00.

The battle lines for our economic recovery have been drawn...and the 2004 campaign has begun!

May God bless President George W. Bush.

[Wphile]

Oh, the old rising interest rates card! Sheesh...don't you guys ever come up with something original. Never mind the facts like that despite having a surplus in the late nineties, interest rates went UP! And never mind that despite having a deficit in the 80s and in recent years, interest rates went down! Wouldn't want any facts to get in the way of the MESSAGE!! Pathetic.

[Dust in the Wind]

"We will not rest until every business has a chance to grow, and every person who wants to find work can find a job."

I hope he meant legal and ethical growth and legal citizens.

[hchutch]

The rich pay the most taxes. It is only fair that they get most of the tax cut.

[RobFromGa]

if you don't talk back to it, sometimes it goes away.

[Wphile]

Oh, I know I just had to get my two cents in. I get so tired of all the recycled rhetoric. The least they could do would be do try to come up with something original. I'm not expecting anything factual, mind you, just original.