You know, some in Washington said we had to choose between cutting taxes and cutting the deficit. Today's numbers show that that was a false choice. The economic growth fueled by tax relief has helped send our tax revenues soaring.
George H.W. Bush: “You know, some in Washington said we had to choose between cutting taxes and cutting the deficit. Today's numbers show…”
On the recordJuly 10, 2006
Source
transcripts.cnn.comEditor's note · Context
President Bush argues that tax cuts have led to economic growth and increased tax revenues, countering claims of a deficit.
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