Bush's problem with 'tax cuts
December 14th, 2010
03:49 PM ET
3 years ago

Bush's problem with 'tax cuts

(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.


Filed under: President Bush • Taxes
soundoff (43 Responses)
  1. NC

    Just call it the Tax Cut for Americans and be done with it.

    December 14, 2010 03:52 pm at 3:52 pm |
  2. GJ

    Bush showing some self-awareness? I'm shocked. Please show this new trait to Palin while you're at it.

    December 14, 2010 03:55 pm at 3:55 pm |
  3. Four and The Door

    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.

    December 14, 2010 03:56 pm at 3:56 pm |
  4. w l jones

    Durn Mr. .Bush administration he were between a rock and a hard place so why not give some slack now.

    December 14, 2010 04:00 pm at 4:00 pm |
  5. AnProf

    Well, once again, GW Bush shows he's a smart, savvy fellow. How I miss the plain-spoken honesty from our President !

    December 14, 2010 04:02 pm at 4:02 pm |
  6. TOTAL FACTS

    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.

    December 14, 2010 04:02 pm at 4:02 pm |
  7. A disgusted former Republican

    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.

    December 14, 2010 04:05 pm at 4:05 pm |
  8. A disgusted former Republican

    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.

    December 14, 2010 04:09 pm at 4:09 pm |
  9. RichColorado

    It worked so well before :-)

    December 14, 2010 04:13 pm at 4:13 pm |
  10. edward

    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..

    December 14, 2010 04:13 pm at 4:13 pm |
  11. resolaru

    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.

    December 14, 2010 04:16 pm at 4:16 pm |
  12. S.B. Stein E.B. NJ

    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!

    December 14, 2010 04:16 pm at 4:16 pm |
  13. Concerned4Fla

    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.

    December 14, 2010 04:17 pm at 4:17 pm |
  14. Firedog51

    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.

    December 14, 2010 04:17 pm at 4:17 pm |
  15. ja

    the two wars we are waging should carry Bush's name also

    December 14, 2010 04:17 pm at 4:17 pm |
  16. Former Republican, but never again!

    "Bush tax cuts" and "Obamacare". The political crazies on both sides make points by demonizing their opponents and mischaracterizing their policies.

    December 14, 2010 04:18 pm at 4:18 pm |
  17. DumbJayGupta

    You gotta love this guy! LOL

    December 14, 2010 04:19 pm at 4:19 pm |
  18. Democrats Class Warfare - Destroying the economy and country

    Yes, please call this EXACTLY what it is! It is the "DemocRATS COWARDLY DELAY RAISING YOUR TAXES TO PAY FOR THEIR ENDLESS ENTITLEMENTS Bill"

    December 14, 2010 04:19 pm at 4:19 pm |
  19. Ed Lahoa

    "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.

    December 14, 2010 04:20 pm at 4:20 pm |
  20. stufit

    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.

    December 14, 2010 04:21 pm at 4:21 pm |
  21. kayla

    and we should listen to you because?

    December 14, 2010 04:22 pm at 4:22 pm |
  22. bud

    Duh- Uh George, The ARE your tax cuts. Check it out if you don't remember.

    December 14, 2010 04:24 pm at 4:24 pm |
  23. GODZILLA1

    Bush making any comment about business, banking, finance, taxes, etc. is akin to Kim Il Jong talking about human rights!

    December 14, 2010 04:25 pm at 4:25 pm |
  24. Rich

    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.

    December 14, 2010 04:25 pm at 4:25 pm |
  25. Josh

    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?

    December 14, 2010 04:27 pm at 4:27 pm |
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