US Presidency
1982

Now, as you can see, that figures out to about a 3 to-1 ratio, $ 3 less in spending outlays for each $ 1 of increased revenue. This compromise adds up to a total over three years of a $ 380 billion reduction in the budget deficits. And remember, our original tax reduction remains in place, which means your taxes will still be cut $ 335 billion in these next three years, even with the passage of this present tax bill. Now, let me take that $ 99 billion tax program apart, and you decide whether it's the biggest tax increase in history. Of the entire $ 99 billion, 32 billion is collection of tax presently owed under the present laws and which is not being paid. Now, to all of you who are paying your tax, simple fairness says we should collect from those who are freeloading.