"Unless you reduce the long-term spending burden, you cannot cut taxes in any lasting way, but can only shift the burden of taxes from the present to the future."

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Source: Biography/ Personal Quotes. www.imdb.com.

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Peter George Peterson

Businessman

Peter George Peterson was a prominent American businessman and public servant known for his insights on fiscal responsibility and leadership.

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"Many Republicans have what I call a 'tax-cut syndrome' where they have never seen a tax cut they didn't really like and didn't see a tax increase they didn't hate and do everything they could to block."

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