mr. speaker , i appreciate the gentleman yielding me time . 
i also appreciate the fact that the gentleman from washington is willing to acknowledge christmas here on the house floor . 
that is a nice step in the right direction . 
mr. speaker , let us look at the facts . 
to hear the other side , you would think we were taking a chain saw to the budget . 
what we are proposing in the budget is that we increase entitlement spending 6.3 percent instead of 6.4 percent , saving $ 50 billion out of a $ 14 trillion budget , by rooting out waste , fraud and abuse by reforming government . 
but let us talk about these tax cuts . 
you would think when we cut taxes in 2003 we would have lost revenues . 
right ? 
that is the intuitive thing to say . 
wrong . 
that is not what happened . 
since the enactment of the 2003 tax cuts , job losses went away . 
the unemployment rate was 6.1 percent when we cut taxes . 
the unemployment rate is 5 percent . 
since we cut taxes , we have averaged a job creation every month of 148 , 000 jobs . 
just last month alone we added 215 , 000 jobs to the economy . 
what happened before we cut taxes ? 
before we cut taxes , the 2 years before the tax cut , our economy grew at an average of 1.1 percent . 
how fast is the economy growing since the tax cuts ? 
4.1 percent . 
how fast did the economy grow last quarter ? 
4.3 percent . 
now , mr. speaker , what has happened since we cut taxes is we have reversed the job loss , we have reversed the decline in jobs , and we have added 4.4 million jobs to the american economy since the 2003 tax cuts . 
what happened to revenues ? 
revenues increased . 
yes , that is right . 
at these lower tax rates , at these lower taxes , we increased revenues to the federal government . 
last year revenues went up 14 percent . 
just this year individual income tax receipts are up 14 percent . 
corporate income tax receipts are up 47 percent . 
what happened to the deficit , mr. speaker ? 
the deficit projection in 2004 was $ 521 billion . 
what is the deficit now ? 
the deficit projection now is $ 319 billion . 
we dropped the deficit 23 percent last year . 
we dropped the deficit 25 percent last year . 
the deficit is down because tax revenues are up . 
do not defeat this bill and raise taxes . 
let 's stop tax increases . 
