The discipline has to be on both sides, on the tax cut and on the spending side. No one is saying we should not do some tax cuts. Obviously, we need to make some investments on the expenditure side if we are going to meet the needs of our country. But they have to be responsible, they have to be reasonable. And, as this says, iffy long-term numbers are a poor excuse for huge tax cuts and wild spending. We need to keep that admonition in mind as we proceed to engage in this debate.
John Sarbanes: “The discipline has to be on both sides, on the tax cut and on the spending side. No one is saying we should not do some…”
On the recordFebruary 7, 2001
Source
govinfo.govEditor's note · Context
Discussing the need for responsible tax cuts and spending during a debate on fiscal policy.
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