January 18, 2008
Reacting to President Bush's call on Congress to quickly enact an economic growth package, Rep. Marsha Blackburn (R-TN) made the following comments:
"The best economic stimulus is a job. The President's proposal is a step in the right direction, but a one time shot in the arm won't do enough to ensure that businesses continue to grow and employers continue to hire. That means permanently extending the 2001 and 2003 tax cuts, extending sales tax deductibility for TN, and enacting fundamental tax relief that business can count on for years to come. Even if the President's plan is enacted as proposed, the specter of expiring tax cuts will limit economic growth. Short term economic stimulus and a long term growth package that includes making tax cuts permanent and tax equity for Tennessee families must be passed simultaneously."