Treasury Secretary John Snow said that the economy proves to "be on solid footing" and one of the ways to maintain that stability to keep taxes low.

In a speech before the Mortgage Bankers Association, Snow told attendees that the conference committee on tax relief reconciliation is currently considering the matter of keeping taxes on both investments and incomes low, and whether to extend President Bush's tax relief program as quickly as possible.

"We must protect and nurture our economic growth -- not put it in jeopardy with tax increases."

The country is moving in the right direction now, economically. With 5.2 million new jobs created in the past three years and unemployment at a very low rate of 4.7 percent- that's lower than the average for the 1960s, 1970s, 1980s or 1990s."

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