Cord Byrd: “The tax cuts were responsible for $2.1 trillion in losses, the tax cut for which I voted. And other causes of increased…”

“The tax cuts were responsible for $2.1 trillion in losses, the tax cut for which I voted. And other causes of increased Federal debt are likewise shown: Entitlements, defense, interest, and so on-- failed S&L's. But the Senator was wrong in saying that the tax cut increased the revenues. The tax cuts were responsible for losses to the Treasury of $2.1 trillion over the fiscal years 1981 to 1991. I thank the Senator for having yielded. I hope that he will allow a vote up or down on the Torricelli amendment.”