June 1, 1993 Public Investment and Deficit Reduction J. D. Foster, Ph.D. J. D. Foster, Ph.D. Print this page Subscribe Support our work Download Public Investment and Deficit Reduction In spring 1993, the Tax Foundation was invited to testify before the House Ways and Means Committee on the Clinton administration’s proposals for public investment and deficit reduction. The following testimony was presented by the Tax Foundation’s Chief Economist, JD. Foster, to the Committee on April 1, 1993. Topics Center for Federal Tax Policy Business Taxes Individual and Consumption Taxes Research Tags Debt and Interest Rates Testimony