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U.S. Chamber Hails House Tax Cut Vote

Wednesday, March 7, 2001 - 7:00pm

WASHINGTON, D.C. – The United States Chamber of Commerce said today's House vote in favor of President Bush's proposal to cut marginal tax rates by $958 billion over the next 10 years and reduce the number of tax brackets should be posted in the "Win" column for small businesses and all taxpayers.

"This is a big victory for small businesses and everyone who pays taxes," said Bruce Josten, Chamber executive vice president. "Congress heard loud and clear that there is tremendous support for a cut in marginal tax rates. Small business members of the Chamber from every congressional district and both political parties have spoken out on the need for swift action on President Bush's tax proposals."

The Chamber's Grassroots Action Information Network – or GAIN – motivates tens of thousands of businesses across the country to phone, write or lobby their senators and representative. Chamber federation members and non-member supporters were also contacted and urged to support Bush's tax proposal – effectively doubling the size of our grassroots network.

Furthermore, the Chamber is a leader of the Tax Relief Coalition, a rapidly growing group of several hundred trade associations, chambers of commerce, businesses and citizens groups that advocate for the Bush tax package. The Chamber has argued that reducing marginal rates on all taxpayers will bolster confidence, put disposable income in the hands of consumers and stimulate economic growth.

"Ever larger government surpluses coupled with the sharp slowdown in economic growth make now the time to act," said Josten. "American businesses have been the driving force of our nation's economy and this tax relief is vitally necessary for them to continue to play that important role."

The U.S. Chamber of Commerce is the world's largest business federation representing more than three million businesses and organizations of every size, sector and region.

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