HOUSE Republican Leader John Boehner

Pro-Growth Republican Policies Help Shrink Budget Deficit | Balancing the Budget Doesn’t Require Raising Taxes

Balancing the budget is more than a matter of dollars and cents – it is about enacting smart policies that expand opportunities for American families and grow our economy. This was the goal in 2003 when, according to the Wall Street Journal, part of the Republican tax relief package “liberated hundreds of billions of dollars of capital for new investment.” This new infusion of free market capital helped create the new family-wage jobs of today and tomorrow, which have in turn boosted revenues to the federal government and put us on a path to a balanced budget. The Wall Street Journal wrote this morning:

In fact, new data released from the Congressional Budget Office (CBO) suggests that the federal deficit will fall from $248 billion in 2006 to $172 billion in 2007. The New York Times says that the “decline of the deficit comes on the heels of unexpectedly large increases in tax revenue over the last two years”:

In addition to the CBO data, the U.S. Treasury Department released a report earlier this month announcing a record-setting December budget surplus of $44.54 billion. Both are more proof that Republican pro-growth policies are strengthening our economy by creating jobs and spurring investment.

Unleashing the creativity and entrepreneurial spirit that drives America is the best way to grow the economy and balance the federal budget.

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This entry was posted on Monday, January 29th, 2007 at 3:59 pm and is filed under Fiscal Responsibility. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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