On the recordJanuary 10, 2008
And we cut taxes, but Ronald Reagan knew we had to cut spending at the same, and that was our great failure as a party, is we cut taxes and then we let spending get out of control.
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transcripts.cnn.comJohn McCain: “And we cut taxes, but Ronald Reagan knew we had to cut spending at the same, and that was our great failure as a party…”
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John McCain reflects on the Republican party's past mistakes regarding tax cuts and spending.
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