mr. chairman , i think i may have a chart on that . 
payroll jobs have rebounded because of tax cuts . 
with a weakness of the economy going into the bush administration from the clinton years and with the advent of 9/11 , we had a weakening of the economy . 
but once the tax cuts took hold , we have rebounded . 
we have got over 3 million jobs because of this . 
beyond that , there has been reference to the fact that tax cuts have created the deficit . 
that is not true . 
actually , that is borne out with statistical proof here . 
the largest cause of deficits between 2001 and 2004 was the economy . 
and the best way to address the economy and get the economy to rebound is by cutting taxes , spurring growth , reducing regulations , empowering small businesses and businesses all across the country to create more jobs , to increase earnings . 
so what we see here , the largest cause , 49 percent of the cause of the deficit , was the economy . 
and because of that , we have been able to rebound . 
because of the tax cuts and because of the rebound in the economy , we are reducing the deficit . 
we are taking on this , and we are going to further cut taxes in order to keep spurring the economy . 
