On the recordJuly 24, 2006
So I think that the effect of these policies has been for us to be able to have higher tax collections to be able to afford and to be able to cut the growth of the deficit. We were projected that the deficit was supposed to grow by, originally projected to grow $423 billion. That is not good. That is not good. But the good news is it is only expected to grow $296 billion, which is $127 billion less than it was originally projected because of the higher tax.
Source
govinfo.gov
