(CNN) - While members of Congress are embroiled in an intense debate over whether or not to extend the Bush-era tax cuts, the president who ushered in the original passage of the legislation has a suggestion to expedite the process– lose the name.
"Well I wish they'd have called it something other than the 'Bush' tax cuts," Bush said during an interview on conservative radio host Scott Hennen' s radio show on Monday."And therefore there'd probably be less angst amongst some to pass it."
Bush added that he thought that lowering taxes is a key to growing the economy.
"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." Bush said. "And I happen to believe lower taxes is what stimulates economic growth and what we need now in the country is economic growth."
Lawmakers are expected to pass an extension of the tax cuts, which would expire at the end of the year, at the urging of the Obama administration. The move would occur against opposition from some Democratic lawmakers who have criticized a deal with Republicans which would include a two-year extension of lower Bush-era tax rates for everyone, including millionaires. Democrats support the stance Obama has championed for years: extending the current lower tax rates only for those earning up to $200,000 a year, or families earning $250,000, while letting rates for higher incomes return to 1990s levels.
Just call it the Tax Cut for Americans and be done with it.
Bush showing some self-awareness? I'm shocked. Please show this new trait to Palin while you're at it.
Democrats support the stance Obama has championed for years: extending the current lower tax rates only for those earning up to $200,000 a year, or families earning $250,000, while letting rates for higher incomes return to 1990s levels.
...which include more millionaires than would get cuts in the upper tax brackets. Most millionaires are in the tax bracket Obama and the Democrats want to give cuts to. It just plays better on NBC when they tell you they don't want to give "millionaires" tax breaks. They know what Democrats want to hear.
Durn Mr. .Bush administration he were between a rock and a hard place so why not give some slack now.
Well, once again, GW Bush shows he's a smart, savvy fellow. How I miss the plain-spoken honesty from our President !
Listen to all the Jackals. This is the exact reason they're hated and scorned. They have to blame someone, anybody except one of their own.
Why call it anything else? It was proposed by Bush and rubberstamped by a republican congress. It would be deceiving to call it anything else.
I guess Bush isn't too proud of his tax cuts now. In conjunction with runaway spending during the Bush era, the national debt (the debt passed on to our grandchildren) Bush's tax cuts doubled the national debt. In addition Bush's policies shifted wealth from the middle class to the wealthy. If I were Bush, I'd be running from my policies too.
It worked so well before :-)
Let's see....8 years of "Bush"-era tax cuts = financil crisis, more jobs moved overseas, housing market meltdown, wider financial gap between wealthy and poor, larger federal deficit and several million unemployed.....yup, those "Bush"-era tax cuts are something to hang on to......that is if your wealthy. If you were poor before Bush came into office then being poor post Bush should not make any difference..
How about we call it the "Republican Debt Generator" or the "stupidity tax reduction act of the Republican mindless". that pretty much sums it up. they never should have happened and they will haunt this country for the next 50 years.
Well, they were his mistake. If he'd bother to say that we are going to take this money that is showing as a surplus and pay down the debt, I'd have less of a problem during with his presidency. He should not have requested that they be made permanet since he also needed to pay for conflicts in Afghanistan and then his war of choice Iraq. He was foolish to do the tax cuts. Thanks for the huge deficit!
I know when poor people have money, they spend it because they need to live. Can someone explain how giving a tax break to millionaires creates jobs? I understand that this would cause the millionaire to have more money, but I don't get how this automatically leads to them opening a factory or whatever. If you tackle my challenge, please use real numbers. I'm curious what a mid-sized (35M) company would "get" as a result of these tax breaks, and then what line of incentives exist that would lead them to invest in job-creating activities.
That will really help the defecit and prove they were the right thing all along. He should talk to daddy and slink off into the weeds and keep a low profile it worked for SR.
the two wars we are waging should carry Bush's name also
"Bush tax cuts" and "Obamacare". The political crazies on both sides make points by demonizing their opponents and mischaracterizing their policies.
You gotta love this guy! LOL
Yes, please call this EXACTLY what it is! It is the "DemocRATS COWARDLY DELAY RAISING YOUR TAXES TO PAY FOR THEIR ENDLESS ENTITLEMENTS Bill"
"And I happen to believe lower taxes is what stimulates economic growth and what we need now in the country is economic growth."
"Believe" is the right word here, since the economic performance during Bush's tenure–and the economic crisis that hit the country as he left office–run directly counter to the supply-side ideological dogma.
The "Bush Tax Cuts for the Wealthy" was a class warfare device invented by those lovers of class warfare the democrat liberals. They love to foister hate against what their constituents, drug addled and entitlled weak minds, under educated, Oprah watchers, call the rich. To them the people who are rich, work, pay taxes, take personal responsibility for their lives and believe in freedom. These people are an anathema to the demorat liberal party, their corrupt union bosses, and the lazy drug addled. Under the democrat liberal philosophy, people who follow the rules, work hard, live responsibly and pay taxes must be punished, their money taken away and given to the idiots who vote for democrats.
and we should listen to you because?
Duh- Uh George, The ARE your tax cuts. Check it out if you don't remember.
Bush making any comment about business, banking, finance, taxes, etc. is akin to Kim Il Jong talking about human rights!
So, if Bush thinks that tax cuts are the way to grow the economy, then I wish he'd explain why for the last 10 years, those same tax cuts haven't done a thing for the economy. But hey, why let reality get in the way of making rich people richer.
The man speaks the truth. Too bad he gets no respect ..
Wouldn't one think that concentrating wealth among hundreds of thousands of upper income individuals be more of a recipe for growth then a few hundred elected representatives that are primarily trying to get relelected?