"In addition to a soaring stock market, 6.6 million jobs have been created since tax relief measures went into effect in 2003. Our deficit situation has also improved as tax revenues have increased at double-digit rates over the past two years"
About this Quote
The intent is defensive and promotional at once. In the mid-2000s, the Bush-era tax cuts were under fierce scrutiny for ballooning deficits and skewing benefits upward. Neugebauer flips the indictment into a vindication: revenues rose, deficits improved, therefore the cuts “paid for themselves,” or at least didn’t harm the fiscal picture. The subtext is aimed at anxious middle-of-the-road voters who want permission to feel that pro-business policy can also be responsible governance.
What makes it work rhetorically is the selective frame. Stock markets don’t measure household stability; job creation doesn’t specify wage growth, security, or who gets hired; “deficit situation has improved” quietly avoids the larger baseline of war spending, long-term obligations, and what happens when a cycle turns. “Double-digit rates” is classic political optics: growth rates can look dramatic after a downturn or from a low starting point.
The deeper context is a moment when Republicans were selling tax relief as a growth engine and as moral language: the idea that prosperity follows when government “gets out of the way.” The quote isn’t trying to prove an economic thesis; it’s trying to make an ideology feel like common sense.
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Neugebauer, Randy. (2026, January 16). In addition to a soaring stock market, 6.6 million jobs have been created since tax relief measures went into effect in 2003. Our deficit situation has also improved as tax revenues have increased at double-digit rates over the past two years. FixQuotes. https://fixquotes.com/quotes/in-addition-to-a-soaring-stock-market-66-million-96594/
Chicago Style
Neugebauer, Randy. "In addition to a soaring stock market, 6.6 million jobs have been created since tax relief measures went into effect in 2003. Our deficit situation has also improved as tax revenues have increased at double-digit rates over the past two years." FixQuotes. January 16, 2026. https://fixquotes.com/quotes/in-addition-to-a-soaring-stock-market-66-million-96594/.
MLA Style (9th ed.)
"In addition to a soaring stock market, 6.6 million jobs have been created since tax relief measures went into effect in 2003. Our deficit situation has also improved as tax revenues have increased at double-digit rates over the past two years." FixQuotes, 16 Jan. 2026, https://fixquotes.com/quotes/in-addition-to-a-soaring-stock-market-66-million-96594/. Accessed 8 Feb. 2026.

