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Publication Date: July 2007
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Brian M. Riedl
Research Area: Economics
Keywords: Budget; tax cuts
Type: Brief
Coverage: United States
Abstract:
Though a rapid increase in federal revenues shows that the 2003 tax cuts have succeeded in boosting economic activity, the tsunami of Social Security, Medicare, and Medicaid spending still threatens America's fiscal and economic future.