The President's News Conference
06/15/1981
https://www.presidency.ucsb.edu...
Many of its proposals follow the spirit of recommendations by the Grace commission, some 2,000 citizens who compiled a report on how to cut ...
I'll take the political responsibility.
We will not reduce the deficit by raising taxes.
The total spending impact of these measures could be as much as $7.4 billion in fiscal year 1985.