• It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.

    Address to the Economic Club of New York, delivered 14 December 1962, Waldorf Astoria Hotel, New York
Cite this Page: Citation