U.S. Department of the Treasury

In a speech to the Bond Market Association in New York today, Treasury Secretary John Snow discussed the economic and job growth that has followed the enactment of lower tax rates during the Bush Administration. He pointed out that Economic growth has led to a surge of tax revenues and shrinking deficits. Despite the cries from our critics, it cannot be denied that low taxes truly are consistent with rising federal revenues – which of course help bring the deficit down.

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