But I would suggest that the $1 trillion tax cut forced through by the new administration is the main reason why we face the deficits we have today. The $1 trillion, which primarily benefited the wealthy, forced through by the new administration, is the primary reason why we have the large deficits we have today, rather than the surpluses enjoyed during the Clinton Presidency.
Discussing the impact of tax cuts on deficits during a speech in the House.
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