All of the tax cutting provisions out of the Republican alternative. And then we have added an additional $300 billion-plus in spending cuts, which we have itemized and have passed out to all Members. That is how we arrived at this official figure, which I have just given the gentleman, which indicates we are reducing the deficit over the 5-year period by $698 billion, over the 5-year period, leaving a surplus in the fifth year, 1999, a surplus of $8 billion.
Gerald B. H. Solomon: “All of the tax cutting provisions out of the Republican alternative. And then we have added an additional $300…”
Editor's note · Context
Discussing deficit reduction and spending cuts during a budget debate.
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