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About this quote

What does it mean?
Giuliani’s fiscal discipline, including tax cuts, is said to lower deficits, boost growth, and increase revenue.
In plain terms
Tax cuts and fiscal discipline can improve the economy.
What can you take from it?
Fiscal conservatism can generate economic benefits.

Where it applies

  • state budgeting
  • municipal finance reforms

Putting it to work

  • reduce unnecessary spending
  • evaluate tax incentives

Questions to consider

  • When do tax cuts lead to higher revenue?
  • What are the risks of aggressive fiscal cuts?

Another view

Economic outcomes of tax cuts are debated and may not always increase revenue.

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  3. Giuliani's performance ensures that he will be remembered as the greatest mayor in the city's history.

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