I believe that balancing the budget is tied into, and achieving the kinds of economic growth we all want to see is tied into significant across-the-board tax relief. Many people argue that no, we need to cut spending first before we can then do something about taxes. Again, I will go back to a point I made earlier. If that had been the case, then we would not be talking about graphs, showing graphs where we are seeing the deficit remain in existence or going up before it is going down. We would not be talking about that. We would be talking about all the other new things that we are able to do for the American people because we have the kind of economic growth that we all desire to have. If we do not cut taxes and see the kind of economic growth that we have seen, that we saw in the early 1960's under President Kennedy, under President Reagan in the early 1980's, we will not see the kind of growth that will in fact raise revenues and assist us in cutting that deficit.
On the recordMarch 11, 1997
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govinfo.govEditor's note · Context
Discussing the relationship between tax relief and budget balancing.
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