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Brian Riedl's analysis of Reagan's 1980 tax cuts shows that, as aresult of the cuts, tax revenues increased substantially in thenext 10 years. Any increase in budget deficits was thereforethe result of spending increases rather than tax cut-inducedrevenue decreases.
CBO analysis shows that the type of tax reductions found in thePresident's Economic Growth package work to offset the drag on theeconomy from increased spending.
The Real Growth Factor: Scoring Bush's Tax Cut Proposal
The CBO report shows that the only way to create thousands of jobsand unleash economic growth is to enact the President's entire taxpackage, and to restrain spending.