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  • A tax cut means higher family income and higher business profits and a balanced federal budget....As the national income grows, the federal government will ultimately end up with more revenues. Prosperity is the real way to balance our budget. By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance.

    "Radio and Television Address to the Nation on the Test Ban Treaty and the Tax Reduction Bill". www.presidency.ucsb.edu. September 18, 1963.
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