Uninterrupted economic growth is particularly important given global economic weakness and during periods when solutions to the social security crises are being formulated. Broad-based tax cuts can help restrain the spending of government and are fair, equitable, and appropriate in a period of budget surplus. W5055, March 1995, p.37. 2 Feldstein, pp.32-3. Similarly, federal income taxes as a percentage of GDP are also at record post-war levels and are projected to remain at or near these record levels throughout the President's budget forecast horizon.
Similar statements apply to federal payroll taxes.