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LATEST ECONOMIC INDICATORS
Schedule of Economic Announcements
Unemployment Rate: 5.5 % in Oct. Real GDP: + 3.7 % in 3rd Qtr
Consumer Confidence: - 3.9 pts in Oct. CPI:  + 0.2 % in Sept.
Industrial Production: + 0.1 % in Sept. National Debt

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Data Point to Ongoing
Strong Growth
JOBS SURGE IN OCTOBER
Economic Update  --  PDF 229 KB    HTML -- 11/15

Budget Week for Nov. 15-19
PDF 255 KB    HTML


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Chairman Jim Nussle:
'Now is exactly the right time to
address the problem of tax reform.'
Congressman John Linder

Congressman
John Linder, R-GA:
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"The FairTax is decidedly simpler and fairer than flat tax proposals. The U.S. instituted a flat tax in 1913. Since then, it has been amended over and over, resulting in the very plan we are working to correct today. In 1986, we eliminated most deductions and drastically lowered tax rates to only two levels. We have amended the code over 6,000 times since then. We have walked the flat tax path before, to no avail, and it simply does not make sense to implement the same mistake again. Also, by keeping the payroll tax and corporate tax in place, the flat tax proposals fail to remove the tax component from the price system."
Read More   PDF 254 KB   HTML   --   Other 10/6 Hearing Statements


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Yes, America is Better Off Today
UPDATED Sept. 8, 2004  --   PDF 193 KB    HTML

Nussle: “What a great week for America”
Revisions Show Much Stronger Growth Than
First Reported -- 2.2 MILLION new jobs -- 11/5

Final FY 2004 Deficit Drops by
$108 Billion From February -- 10/14
Nussle: “We’re continuing to move in the right direction”


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