"Surpluses are predominately an outcome of taxes."
What?
A surplus is when the government spends less than it takes in tax.
A deficit is when the government spends more than it takes in taxes.
Surpluses are predominately, - actually, always, - an outcome of efficient financial management.
Taxes by themselves have no 'outcome'. That's a meaningless statement.
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Bruce Garlick, Executive Chairman
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