U.S. Department of the Treasury

(Archived Content)

2007-1-4-9-13-49-12406

The President's tax cuts have laid the foundation for sustained economic growth and job creation. A strong economy means higher revenues to the Treasury. If we can keep our economy growing by continuing with economic policies that keep taxes low and drive job creation and productivity, while restraining spending, we can achieve a balanced budget by 2012, said Secretary Henry M. Paulson.

• Click here for more information on the President's proposal to balance the budget by 2012.