|
This came in the mail today; and, this is what he wrote to "Dear Taxpayer" on the back page, along with his smiling picture:
July 2004
Dear Taxpayer:
In the last fiscal year, the federal government more than doubled its emergency spending to prosecute the war on terror in Afghanistan, Iraq and here at home. Even so, the U.S. economy is growing at a record pace.
During the last year, Congress and the President worked together to enact substantial tax relief for every American taxpayer. The improvement in after-tax rewards for work, saving and investment has spurred the largest sustained expansion of the economy in the last 20 years. More than 1.5 million new jobs have been created since passage of the President's tax rate reductions. Interest rates and inflation remain exceptionally low by historical standards. More Americans than ever are working today, and more own their own homes, than at any time in our nation's history.
While revenues fell in 2002 and 2003, the recent strong economic growth and healthy pace of new job creation are now increasing tax revenues to the Treasury. Robust tax receipts, according to the Congressional Budget Office, have already reduced the projected deficit for fiscal 2004 by over $70 billion.
These are just some of the important facts that can be gleamed from this year's Annual Report. Each year since 1989, I provided this summary of the federal government's financial operations because, as a taxpayer, you are entitled to it. I hope you find it useful.
Sincerely,
Christopher Cox Chairman, House Policy Committee Annual Report on the United States Government 2003
```````````````````````````````````````````
Inside the mailing:
the deficit is shown in 2002 as $157,790,000,000 the deficit is shown in 2003 as $374,219,000,000
``````````````````````````````````````````
I don't know what he's smiling about.
Wonder how much this 4-page color mailer cost?
|