The Office of Management and Budget's announcement that the deficit is now projected to be $127 billion less than projected just six months ago is a great relief for the American taxpayers.  I have fought in Congress to reduce the tax burdens on families and small businesses, grow our economy and allow the American people to keep more of their hard-earned money.  This latest news confirms that the sound economic policies of this Republican Congress are working.

As tax revenues are expected grow by $245 billion we will be back on track to cut the deficit in half by 2008, a year ahead of the president's schedule.  This is a great accomplishment of Congress and a great benefit for American tax payers.