We read them and we feel wealthier and more secure about our retirements. But not lately. A lot of Americans will be opening their year-end statements with some dread this year. These indicators make it imperative that the 107th Congress get to work immediately on Bush's economic agenda. We must pare back the tax and regulatory burdens that are stifling our economy and threatening our prosperity.
Tax relief is absolutely crucial to maintaining our economic success.
First and foremost, we must cut income tax rates. Consider the choices investors face. They can put their money someplace safe where it will yield a fairly small return. Or they can pursue a risky venture that may or may not produce the next great technological advance. However, most wise investors won't pursue the risky project unless there's a big enough reward to make the risk worth taking.