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78R5151 RVH-F

By:  Taylor                                                     H.C.R. No. 69 



CONCURRENT RESOLUTION
	WHEREAS, President Bush has proposed an economic growth and 
tax relief plan designed to strengthen the American economy and 
deliver critical help to unemployed citizens; and
	WHEREAS, President Bush's plan removes the double taxation on 
dividends, speeds up tax cuts already passed in 2001, increases 
business expensing, and helps unemployed workers in order to hasten 
economic recovery and encourage job creation; and
	WHEREAS, A strong stock market benefits all Americans; more 
than 50 percent of the population invests in the stock market, and 
senior citizens receive 50 percent of all dividend payments; and
	WHEREAS, Everyone who invests in the stock market and 
receives dividend income--especially senior citizens--will benefit 
from the elimination of the double taxation on dividends; and
	WHEREAS, Each person who pays taxes, especially 
middle-income Americans, will receive additional relief by the 
accelerated reduction of the marriage penalty tax, a faster 
increase in the child tax credit, and the immediate implementation 
of the new, lower 10 percent tax bracket; and
	WHEREAS, Every small business owner who purchases equipment 
will benefit greatly from the increase in expensing limits from 
$25,000 to $75,000, which in turn will help grow the business, allow 
for reinvestment of capital into the economy, and create jobs; now, 
therefore, be it
	RESOLVED, That the 78th Legislature of the State of Texas 
hereby respectfully urge the Congress of the United States to 
support and pass President Bush's 2002 Economic Growth and Tax 
Relief Plan; and, be it further
	RESOLVED, That the Texas secretary of state forward official 
copies of this resolution to the president of the United States, to 
the speaker of the house of representatives and the president of the 
senate of the United States Congress, and to all the members of the 
Texas delegation to the congress with the request that this 
resolution be officially entered in the Congressional Record as a 
memorial to the Congress of the United States of America.