ANNUAL REPORT TO TAXPAYERS

September 11th and the economic slowdown changed the federal budget picture. Tax receipts declined and Congress stepped up funding for the war and homeland security.

The surpluses allowed us to pay down nearly a half trillion in debt and provide a tax cut which is helping to generate economic growth. We are also working to improve public schools, protect the environment and assist those who lost jobs.

A growing economy is one of the best weapons against those who oppose freedom here and around the globe.

I hope this report is useful.

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