The American people should be proud of your efforts on their behalf, and I personally thank you all for coming. Tax relief is a great achievement for the American people. Tax relief is the first achievement produced by the new tone in Washington, and it was produced in record time. Tax relief is an achievement for families struggling to enter the middle class. For hard working lower income families, we have cut the bottom rate of federal income tax from 15 percent to 10 percent.
Tax relief is compassionate and it is now on the way.
Tax relief is an achievement for middle class families squeezed by high energy prices and credit card debt. And in the years ahead, taxpayers can look forward to steadily declining income tax rates. Tax relief is an achievement for families that want the government tax policy to be fair and not penalize them for making good choices, good choices such as marriage and raising a family. So we cut the marriage penalty. Tax relief makes the code more fair for small businesses and farmers and individuals by eliminating the death tax.