2003 Regular Session
By: Representative Formby, Baker, Chism, Denny, Ellington, Fillingane, Howell, Ishee, Jennings, Lott, Martinson, Moore (60th), Reeves, Roberson, Robertson, Smith (35th)
A CONCURRENT RESOLUTION REQUESTING THE CONGRESSIONAL DELEGATION OF THE STATE OF MISSISSIPPI TO SUPPORT AND ENACT PRESIDENT BUSH'S 2003 ECONOMIC GROWTH AND TAX RELIEF PLAN.
WHEREAS, President Bush has proposed an economic growth and tax relief plan designed to strengthen the American economy and deliver critical help to unemployed citizens; and
WHEREAS, President Bush's plan removes the double taxation on dividends, speeds up tax cuts already passed in 2001, increases business expensing and helps unemployed workers in order to speed up economic recovery and encourage job creation; and
WHEREAS, over 50 percent of the population invests in the stock market, and senior citizens receive 50 percent of dividend payments, which indicates that a strong stock market benefits all Americans; and
WHEREAS, everyone who invests in the stock market and receives dividend income, especially senior citizens, will benefit from the elimination of the double taxation on dividends and all Americans will benefit from a strong stock market; and
WHEREAS, those who pay taxes, especially middle-income Americans, will receive additional relief by the accelerated reduction of the marriage penalty tax, a faster increase in the child tax credit and the immediate implementation of the new, lower ten percent tax bracket; and
WHEREAS, every small business owner who purchases equipment will benefit greatly from the increase in expensing limits from $25,000.00 to $75,000.00, which in turn will help grow the business, allow for reinvestment of capital into the economy and create jobs; and
WHEREAS, this Legislature supports the passage of federal legislation that will strengthen the American economy, which will in turn benefit all Americans:
NOW, THEREFORE, BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES OF THE STATE OF MISSISSIPPI, THE SENATE CONCURRING THEREIN, That we request our congressional delegation to support and enact President Bush's 2003 Economic Growth and Tax Relief Plan.
BE IT FURTHER RESOLVED, That copies of this resolution be furnished to the Mississippi Congressional Delegation and to members of the Capitol Press Corp.