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Would Senator Kerry's Budget Really Reduce the Deficit?
Publication Date: September 2004
Publisher(s): Heritage Foundation (Washington, D.C.)
Author(s): Brian M. Riedl
Topic: Banking and finance (Public finance)
Keywords: Budget
Type: Report
Abstract:
Democratic presidential candidate John Kerry's promise that, if elected, he will halve the budget deficit by 2008 ignores the mountain of impending entitlement spending that, if left unreformed, will dwarf any achievable savings. His ambitious spending plans would also require a $2,090 per household tax increase in order to fulfill his deficit-reduction pledge.