Dunlap: Bush Tax Cuts Improving National Economy

Oklahoma should jump on the job growth bandwagon by passing lawsuit reform, workers comp reform

Senator James Dunlap, R-Bartlesville, said Friday that there is clear evidence that President George W. Bush’s tax cuts have provided a significant boost to the U.S. economy.

“The evidence is clear that President Bush’s tax cuts are working and the U.S. economy is taking off like a rocket. We’ve seen over a million new jobs created since last August, including a growth in manufacturing jobs in the last three months. Unemployment is headed down. Homeownership is at an all time high, and inflation remains at historically low levels.

“Thank goodness the Congress had the wisdom to support President Bush’s economic program to get America moving again,” stated Dunlap, a former chairman of the American Legislative Exchange Council, a national organization of state legislators.

“Oklahoma has gained more than 17,000 new jobs since August, but this is far behind neighboring states like Missouri, New Mexico, Texas, and Colorado. The question is whether the Oklahoma Legislature is going to do its part to help get Oklahoma’s economy moving again by passing meaningful lawsuit reform and reforming the state’s antiquated and expensive workers compensation system.

“If Gov. Henry and the Democrat legislative leadership fail to act on these two issues in the next week, Oklahoma could once again be left out of a national economic boom,” Dunlap said.

Thursday, Dunlap participated in a nationwide conference call with several of President Bush’s economic advisors, including Steve Friedman, the director of the National Economic Council.

Dunlap said Friedman presented convincing statistics showing that the economy has rebounded thanks to President Bush’s pro-growth economic policies.