Press Room
 

FROM THE OFFICE OF PUBLIC AFFAIRS

May 3, 2001
PO-350

Treasury Secretary Paul O'Neill Meets with Senate Finance Committee Chairman Chuck Grassley and House Ways and Means Committee Chairman Bill Thomas


Secretary O'Neill made the following statement:

Congress has agreed on a budget framework, including $1.35 trillion for tax relief. We're getting right to work on the details of how we get tax relief to the American people. We have the opportunity to cut income tax rates retroactively for all Americans, including millions of small businesses. If we act quickly, refund checks can go out the door this summer and give the economy a second wind.

Working together, we will put substantial tax relief on the President's desk by the end of this month, and in the pockets of working Americans only a few weeks later.

This event was pooled by:

Video:Fox News(Network Pool), NHK(Independent Pool)
Still: Reuters, AFP
Text: Reuters