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Publication Date: April 1983
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Thomas M. Humbert
Research Area: Banking and finance; Economics
Keywords: Taxes
Type: Report
Abstract:
The budget can be balanced only through vigorous economic growth, coupled with spending reductions. The July cut promises to spur the economy into a robust and sustained recovery that will help generate more revenues to balance the budget. The recovery has already been launched successfully; it is no time to hange the flight plan.