PRINTER'S NO. 400
No. 69 Session of 2003
INTRODUCED BY ROHRER, ALLEN, BARRAR, BASTIAN, BENNINGHOFF,
BIRMELIN, CLYMER, CREIGHTON, EGOLF, FAIRCHILD, FEESE,
FICHTER, FORCIER, GEIST, HERSHEY, HUTCHINSON, LEH, LEWIS,
METCALFE, S. MILLER, SATHER, R. STEVENSON, TRUE, TURZAI AND
WILT, FEBRUARY 24, 2003
REFERRED TO COMMITTEE ON INTERGOVERNMENTAL AFFAIRS,
FEBRUARY 24, 2003
A RESOLUTION
1 Memorializing the Congress of the United States to enact the
2 President's 2003 economic growth and tax relief plan.
3 WHEREAS, The President of the United States has proposed an
4 economic growth and tax relief plan designed to strengthen the
5 American economy and deliver critical help to unemployed
6 citizens; and
7 WHEREAS, The President's plan removes the double taxation on
8 dividends, speeds up tax cuts already passed in 2001, increases
9 business expensing and helps unemployed workers in order to
10 speed up economic recovery and encourage job creation; and
11 WHEREAS, Over 50% of the population invests in the stock
12 market, and senior citizens receive 50% of dividend payments;
13 and
14 WHEREAS, A strong stock market benefits all Americans; and
15 WHEREAS, Everyone who invests in the stock market and
16 receives dividend income, especially senior citizens, will
1 benefit from the elimination of the double taxation on
2 dividends; and
3 WHEREAS, Everyone who pays taxes, especially middle-income
4 Americans, will receive additional relief by the accelerated
5 reduction of the marriage penalty tax, a faster increase in the
6 child tax credit and the immediate implementation of the new,
7 lower 10% tax bracket; and
8 WHEREAS, Every small business owner who purchases equipment
9 will benefit greatly from the increase in expensing limits from
10 $25,000 to $75,000, which in turn will help grow business, allow
11 for capital reinvestment and create jobs; therefore be it
12 RESOLVED, That the House of Representatives of the
13 Commonwealth of Pennsylvania memorialize the Congress of the
14 United States to enact the President's 2003 economic growth and
15 tax relief plan.
A23L82DMS/20030H0069R0400 - 2 -