In an interview with radio host Scott Hennen, President George W. Bush expresses his regret that the current debate over taxes uses the term "Bush tax cuts."
Audio.
Transcript
SCOTT HENNEN: I did a little analysis of the three most used words over the last, I don't know, three to four months here for sure, and they are 'Bush tax cuts.' It's everywhere right now with this debate going on. You talk obviously about the economic crisis and the financial crisis in your book, and it's obviously right now recognition of members of Congress of both sides that we need to keep your tax policy in place. Does that feel like a vindication?
PRESIDENT GEORGE W. BUSH: Well, I wish they'd have called it something other than the 'Bush tax cuts,' and therefore there would probably be less angst amongst some to pass it. But I do believe it's very important to send a signal to our entrepreneurs and our families that the government trusts them to spend their own money. And I happen to believe lower taxes is what stimulates economic growth and what we need now in our country is economic growth.
Without question, Bush's tax policy is best for the economy.
The last thing we need is for Obama and the Democrats to raise taxes.
1 comment:
"Without question, Bush's tax policy is best for the economy."
So we disagree again. But the facts do not prove this move to be wise - it not's just opinion. The 'tax cuts' have been in effect for nearly ten years - and effectively produced no significant job growth. Extending the lower tax rates to the wealthy adds $700 billion to the deficit, so to those conservatives who have been trashing the administration for it's spending the past 2-yrs, it's a bit hypocritical...even though much of the spending was needed to boost the economy that was run into the ground by the previous administration. USA Today 10/15/10: "Maybe You Haven't Heard, but bailouts worked" http://www.usatoday.com/news/opinion/editorials/2010-10-15-editorial15_ST_N.htm
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