HB 1233

1	House Memorial
2	A memorial to the Congress of the United States, urging
3	Congress to support President Bush's tax cuts and vote to
4	make them permanent.
5
6	WHEREAS, each year President Bush has proposed, and
7	Congress has enacted, a tax cut designed to strengthen the
8	American economy and increase employment opportunities for
9	working families, and
10	WHEREAS, tax cuts signed into law reduced income taxes for
11	all taxpayers, eliminated the marriage penalty and the death
12	tax, increased the child credit rebate and business expensing,
13	expanded Individual Retirement Accounts, and cut the double
14	taxation of dividends and capital gains, and
15	WHEREAS, economic growth stemming from the latest tax cut
16	accelerated at its fastest rate in 20 years in the third quarter
17	of 2003, and
18	WHEREAS, provisions set forth in the tax cut are set to
19	expire beginning in 2005 and will be completely phased out by
20	the year 2012, and
21	WHEREAS, expiration of the existing tax cuts will increase
22	taxes by 50 percent for lower income families, the child credit
23	will fall by 50 percent, the marriage penalty will be
24	reinstated, education savings will be taxed, retirement savings
25	will shrink, and every taxpayer will face an income tax
26	increase, and
27	WHEREAS, expiration of the existing tax cuts will result in
28	the largest tax increase in American history and stifle economic
29	growth, and
30	WHEREAS, making all the tax cuts permanent will allow
31	taxpayers to feel more confident investing in their children's
32	college education or saving for retirement, all while ensuring
33	increased economic growth, NOW, THEREFORE,
34
35	Be It Resolved by the Legislature of the State of Florida:
36
37	That the Congress of the United States is requested to
38	support President Bush's tax cuts and vote to make them
39	permanent.
40	BE IT FURTHER RESOLVED that copies of this memorial be
41	dispatched to the President of the United States, to the
42	President of the United States Senate, to the Speaker of the
43	United States House of Representatives, and to each member of
44	the Florida delegation to the United States Congress.

CODING: Words stricken are deletions; words underlined are additions.