The President says, ``Remember the deficits.'' I say remember the $1.6 trillion tax cut that was enacted by this body and the other body last year. I say, let us not enact a $670 billion tax cut that this President and this administration is suggesting Congress pass. Tax cuts will add to the deficit. This is where the deficit cuts lie. These are not mere computational exercises. These are not mere budgetary exercises. These are real cuts. These mean something to the people out there in connection with their safety, their health, their welfare, and the security of their homeland. I say, Senators, look in the mirror when you cast this vote.
Cord Byrd: “The President says, ``Remember the deficits.'' I say remember the $1.6 trillion tax cut that was enacted by this body…”
On the recordJanuary 17, 2003
Source
govinfo.govEditor's note · Context
Discussing the impact of tax cuts on the federal deficit during a Senate floor debate.
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