The Presidentís Council of Economic Advisers had estimated that the White Houseís original plan to boost employment and economic growth would have resulted in some 1.4 million new jobs by the end of next year, Evans said in his letter. And a proposal to eliminate double taxation of corporate income would have returned about $20 billion to the economy this year alone.
While the provisions and amounts contained in the original tax package remain in flux in the legislative process now underway, the Administration remains confident that its plan will unleash economic prosperity in America in the years ahead.
Evans has noted that the Administration is keenly aware of the housing sectorís central role in leading economic growth during the recovery period.
Housing activity accounted for about one-third of growth in the Gross Domestic Product during this yearís first quarter, NAHB President Kent Conine said.
Photo by Herman Farrer
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