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(单词翻译:双击或拖选)
THE PRESIDENT: Good morning. As we begin 2006, we are hearing more good news about the American economy. This week we learned that our economy added 108,000 jobs in December and has added over 400,000 jobs in the last two months. Our unemployment rate is now 4.9 percent, lower than the average rate of the 1970s, 1980s, and 1990s. Our economy grew at more than 4 percent in the third quarter of 2005, and it has been growing at nearly that rate for two years. Productivity is high, consumers are confident, and more Americans now own their homes than at any time in our Nation's history.
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Some people in Washington said these tax cuts would hurt the economy. The day the House voted for tax relief in May 2003, one Democratic leader declared it a "reckless and irresponsible tax plan that will undermine opportunity in our country." Since those words were spoken, our economy has added more than 4.6 million new jobs for the American people.
Unfortunately, just as we're seeing new evidence of how our tax cuts have created jobs and opportunity, some people in Washington are saying we need to raise your taxes. They want the tax cuts to expire in a few years, or even repeal3 the tax cuts now. In either case, they want you to get a big tax hike. If we allow that to happen, a family of four making $50,000 would see their federal income taxes go up by nearly 50 percent.
Inaction by the Congress will mean a tax increase on the American people. When you hear people in Washington say we don't need to make the tax relief permanent, what they're really saying is they're going to raise your taxes. To keep our economy growing, we need to ensure that you keep more of what you earn, and Congress needs to make the tax cuts permanent.
Our economy is also strong because we've been wise with taxpayers4' dollars. We've now cut the rate of growth in non-security discretionary spending each year I've been in office. Working with Congress, last year we ended or reduced about 90 low-priority or poorly performing government programs, cut non-security discretionary spending, and stayed on track to meet our goal of cutting the federal deficit5 in half by 2009.
The bigger challenge to our budget is long-term deficits6 driven by mandatory7 spending or entitlements. We can solve this problem: We do not need to cut entitlements, but we do need to slow their growth. When Congress returns from its recess8, it has an opportunity to show its commitment to controlling entitlement spending. Before members of the House and Senate left Washington, they agreed to rein9 in future spending on entitlements by nearly $40 billion. Now Congress needs to finish its work on this important bill. By passing the first reduction in the growth of entitlement spending in nearly a decade, Congress will send a clear signal that the people's representatives can be good stewards10 of the people's money.
As we work to keep your taxes low and restrain federal spending, we have other challenges to address. A growing economy requires secure and affordable11 sources of energy, free and fair trade, legal reform and regulatory reform, and a health care system where workers can find affordable care. And we must ensure that all Americans get a good education, so they will have the skills they need for the jobs of the 21st century.
In the months ahead we will work on all these issues. By making choices that reward hard work and enterprise, we will keep the American economy prosperous and strong and guarantee opportunity for generations to come.
Thank you for listening.
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1 dividends | |
红利( dividend的名词复数 ); 股息; 被除数; (足球彩票的)彩金 | |
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2 incentives | |
激励某人做某事的事物( incentive的名词复数 ); 刺激; 诱因; 动机 | |
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3 repeal | |
n.废止,撤消;v.废止,撤消 | |
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4 taxpayers | |
纳税人,纳税的机构( taxpayer的名词复数 ) | |
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5 deficit | |
n.亏空,亏损;赤字,逆差 | |
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6 deficits | |
n.不足额( deficit的名词复数 );赤字;亏空;亏损 | |
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7 mandatory | |
adj.命令的;强制的;义务的;n.受托者 | |
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8 recess | |
n.短期休息,壁凹(墙上装架子,柜子等凹处) | |
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9 rein | |
n.疆绳,统治,支配;vt.以僵绳控制,统治 | |
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10 stewards | |
(轮船、飞机等的)乘务员( steward的名词复数 ); (俱乐部、旅馆、工会等的)管理员; (大型活动的)组织者; (私人家中的)管家 | |
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11 affordable | |
adj.支付得起的,不太昂贵的 | |
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