The Club for Growth, with its 35,000 members, plans to score a “YES” vote as a pro-economic growth vote in its annual rating of Congress on the tax reconciliation bill (HR 4297 & S 2020).
It is imperative that this bill pass because it will extend the capital gains and dividend tax cuts that were enacted in 2003. Those tax cuts were instrumental in the country’s economy recovery and are desperately needed to continue its upward trend. As the Wall Street Journal reports, the latest evidence that the pro-growth tax cuts are working “is Treasury’s monthly budget report for May that tax receipts were up by $137 billion, or a remarkable 11.2%, for the first seven months of Fiscal 2006 through April. That’s more than triple the inflation rate. And it comes on top of the $274 billion, or 14.6%, increase in federal revenues for all of Fiscal 2005, which ended last September 30.
Our Congressional Scorecard for the 109th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to our members and to the public.