Statement on House of Representatives Passage of Tax Legislation

The tax cuts we passed in recent years are working to fuel America's economic expansion. Our progrowth policies have helped the economy create more than 5.2 million jobs since August of 2003, and last year, our economy grew faster than that of any other major industrialized nation. By extending key Capital Gains and Dividends tax relief, the House has taken an important step to continue to help hard-working Americans and to keep our economy strong and growing. I appreciate the House Leadership and Chairman Bill Thomas for their hard work.

I urge the Senate to vote swiftly so that I can sign this bill into law and put a stop to a massive tax hike that would be disastrous for small businesses, our economy, and all working Americans.