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Tuesday, January 30, 2007
Bush makes case for tax cuts, promises to balance budget in five years
WASHINGTON (CNN) -- President Bush touted the country's economic health and advocated for continued tax cuts during a speech in East Peoria, Illinois Monday.
"The tax cuts have worked," Bush told workers at a Caterpillar factory. "I hope you don't fall prey to people in Washington saying, 'We need more of your money in order to balance the budget.' I don't think so. I think what we need to do is to set priorities like you set priorities with your money and make sure we focus on that which is necessary to do. And the most important priority we have is to defend this homeland from attack." The president said he would submit a 2008 budget that, he believes, would move the federal government towards a balanced budget in five years without raising taxes. -- CNN Ticker Producer Alexander Mooney
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