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FOXX PRAISES SURGE OF ECONOMIC GROWTH
Washington, DC,
April 28, 2006
This afternoon, U.S. Rep. Virginia Foxx (N.C.-5) made the following statement regarding today’s Commerce Department Report that the Gross Domestic Product (GDP) grew 4.8 percent in the first quarter of this year:
FOR IMMEDIATE RELEASE This afternoon, U.S. Rep. Virginia Foxx (N.C.-5) made the following statement regarding today’s Commerce Department Report that the Gross Domestic Product (GDP) grew 4.8 percent in the first quarter of this year: “The positive economic news continues to pour in, proving that the Republican-led House’s pro-growth economic policies are working. Our country is creating hundreds of thousands of new jobs each month and has undergone its strongest growth spurt in years. In addition, the unemployment rate has fallen to 4.7 percent, which is lower than the average of the 1970s, 1980s and 1990s. “This remarkable economic news is proof that lower taxes plus restrained federal spending equals a strong economy.” ### |