Statement of Treasury Secretary John W. Snow on May Employment ReportIn these numbers we see the results of the President's commitment to low taxes and economic growth. The underlying fundamentals of the economy are strong, with last week's GDP report showing 3.5 percent real growth and much higher wages and salaries than previously estimated. In this environment, it is no wonder that the federal budget outlook is also showing improvement.
President Bush is committed to keeping the economy on the path of healthy growth by making his tax cuts permanent, reducing the burden of frivolous lawsuits, passing a national energy policy, and strengthening Social Security.
SOURCE: treas.gov/ FROM THE OFFICE OF PUBLIC AFFAIRS June 3, 2005 JS-2483