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Jeb Bush says he would back tax increases to reduce deficit
Bloomberg/Washington Post ^ | June 1, 2012 | Brian Faler

Posted on 06/02/2012 3:18:55 PM PDT by WilliamIII

June 1 (Bloomberg) -- Former Florida Governor Jeb Bush, in a break with his party, said he could support tax increases to help reduce the federal government’s budget deficit.

The brother of former President George W. Bush told a congressional panel in Washington today that he could back a theoretical deficit-reduction package that would include $1 in tax increases for every $10 in spending cuts.

1 Comments Weigh InCorrections?

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“If you could bring to me a majority of people to say that we’re going to have $10 in spending cuts for $1 of revenue enhancement -- put me in, coach,” Bush told the House Budget Committee.

(Excerpt) Read more at washingtonpost.com ...


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1 posted on 06/02/2012 3:19:04 PM PDT by WilliamIII
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To: WilliamIII

“This will prove I’m not running for anything,” [Bush] said, prompting laughter from lawmakers and the audience.

“I appreciate your candor,” said Representative Lloyd Doggett, a Texas Democrat who had pressed Bush on the issue.


2 posted on 06/02/2012 3:19:57 PM PDT by WilliamIII
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To: WilliamIII

Jeb Bush is a fool. Taxes is part of the reason that our economy is in the toilet. This ass should be kicked out of the Party.


3 posted on 06/02/2012 3:22:16 PM PDT by Logical me
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To: WilliamIII

Dumba$$.


4 posted on 06/02/2012 3:24:16 PM PDT by Common Sense 101 (Hey libs... If your theories fly in the face of reality, it's not reality that's wrong.)
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To: WilliamIII

Did you learn NOTHING from your father’s mistakes?

I hope this guy never runs again.


5 posted on 06/02/2012 3:24:48 PM PDT by I cannot think of a name
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To: WilliamIII

Stay out da Bushes.


6 posted on 06/02/2012 3:25:43 PM PDT by randita
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To: WilliamIII

Fool.


7 posted on 06/02/2012 3:25:47 PM PDT by John W (Viva Cristo Rey!)
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To: WilliamIII
$1 in tax increases for every $10 in spending cuts

Which works out to $10 in tax increases for every $1 (or $0) in spending cuts. He should know that! Where has he been?

8 posted on 06/02/2012 3:25:47 PM PDT by Voltage
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To: WilliamIII

what a jackass.

please, no more bushes.


9 posted on 06/02/2012 3:29:53 PM PDT by kingattax (99 % of liberals give the rest a bad name)
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To: WilliamIII

I expect the next stop for Jeb will be the MSNBC Studios.


10 posted on 06/02/2012 3:30:16 PM PDT by TexasCajun
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To: WilliamIII

He is history. No VP slot for this moron. At least he could have said.....lets take a look at all necessary and proper spending IAW the Constitution first then we will look at taxes.


11 posted on 06/02/2012 3:30:39 PM PDT by mosaicwolf (Strength and Honor)
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To: WilliamIII

Deer Jeb - it seems to me that if’n you was to cut $10 in spendin’, you ain’t gunna need to raise $1 in taxes. Nuff said.


12 posted on 06/02/2012 3:32:14 PM PDT by irishtenor (Everything in moderation, however, too much whiskey is just enough... Mark Twain)
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To: WilliamIII

Why is Jeb so ignorant of reality?

Tax increase are ONLY ever used to BUY VOTES!

They are NEVER used to “reduce deficits”!


13 posted on 06/02/2012 3:32:19 PM PDT by G Larry (Criminals thrive on the indulgence of society's understanding)
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To: WilliamIII
How do you spell "loser"? B-U-S-H.


14 posted on 06/02/2012 3:32:34 PM PDT by ex91B10 (We've tried the Soap Box,the Ballot Box and the Jury Box; one box left.)
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To: Logical me

I guarantee that Romney feels the same way as ol’ Jeb here.


15 posted on 06/02/2012 3:33:29 PM PDT by Timber Rattler (Just say NO! to RINOS and the GOP-E)
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To: WilliamIII

Attention Jeb: We don’t care what you think.


16 posted on 06/02/2012 3:33:48 PM PDT by garjog
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To: WilliamIII
Jeb Bush for President... OF MEXICO....
17 posted on 06/02/2012 3:33:48 PM PDT by taildragger (( Palin / Mulally 2012 ))
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To: WilliamIII

Of ALL people, Jeb should have learned this lesson. His dad got snookered on this type of deal and lost his presidency. Sort of like Charlie Brown and the football, Jeb doesn’t think Liberal Lucy will pull the football out again just before he kicks. GHWB signed off on tax increases for future spending reductions. Reagan did the same. Reagan learned his lessons, but the Bush’s always seem to take Dems at their word. Fortunately, on the tax issue, 43 stood strong on the issue.


18 posted on 06/02/2012 3:33:57 PM PDT by ilgipper
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To: WilliamIII

We’ve had lots of tax increases over the years and have yet to ever, ever, have a spending decrease.

Spending decreases are unicorns. They have never happened.


19 posted on 06/02/2012 3:36:54 PM PDT by marron
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To: marron

1992 (Bush 41) “Read my lips, no new taxes!” 2012 (Jeb Bush) “Read my lips, TAXES, TAXES, TAXES!!!”

At least Jeb had to balls to kill his career in the open.

Paging Walter Mondale!!!


20 posted on 06/02/2012 3:40:30 PM PDT by ak267
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To: WilliamIII

There should be a mandatory $1 of tax cuts across the board for every dollar NOT cut from the budget each year.


21 posted on 06/02/2012 3:43:53 PM PDT by EGPWS (Trust in God, question everyone else)
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To: WilliamIII

Jeb Bush is an ash hat! What a complete creep.


22 posted on 06/02/2012 3:45:36 PM PDT by GreatRoad (O < 0)
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To: WilliamIII

Just cut 9% if 10% is too much?


23 posted on 06/02/2012 3:52:11 PM PDT by BushCountry (I hope the Mayans are wrong!)
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To: WilliamIII

Stick your head in the toilet, John Ellis Bush. Look at the rest of the turds that had the same epiphany.

J.E.B.F.U.


24 posted on 06/02/2012 3:53:59 PM PDT by PGalt
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To: WilliamIII

The idea of using a tax increase to reduce the deficit isn’t a bad one.
Problem is after they raise the tax, they don’t use it to reduce the deficit, they use it to buy more entitlements.

The whole idea of reducing the deficit gets forgotten and they spend more money.

Lets see the reductions in spending first.


25 posted on 06/02/2012 4:05:46 PM PDT by Venturer
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To: I cannot think of a name
Did you learn NOTHING from your father’s mistakes?

Good people, those Bushes. Economic ignoramuses, though they are.

26 posted on 06/02/2012 4:07:39 PM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: Logical me

Just like daddy... I look for Romney should he win
to go right along with a tax increase. Of course there
will be the mythical promised spending cuts that will
never happen.


27 posted on 06/02/2012 4:07:39 PM PDT by sarge83
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To: WilliamIII
$1 in tax increases for every $10 in spending cuts.

So it's ok to punish the rich, and assault savings and investment which decreases the demand for labor which decreases wage rates and employment of wage earners and capital accumulation by capitalists and businessmen, by increasing taxes. I'll pass.

28 posted on 06/02/2012 4:28:24 PM PDT by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: sarge83

Romney is better and smarter that JEB.


29 posted on 06/02/2012 4:33:37 PM PDT by Ann Archy ( ABORTION...the HUMAN Sacrifice to the god of Convenience.)
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To: WilliamIII

If you favor a flat tax that lowers marginal rates but takes away deductions like mortgage interest is that favoring a tax increase?


30 posted on 06/02/2012 4:46:27 PM PDT by tellw
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To: I cannot think of a name

He has now made himself completely un- electable, and irrelevant on the national political stage.


31 posted on 06/02/2012 4:56:46 PM PDT by faithhopecharity
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To: faithhopecharity

Ronald Reagan got suckered in it to his and never got any spending cuts..


32 posted on 06/02/2012 5:31:42 PM PDT by Hojczyk
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To: WilliamIII

And we don’t want you either, Jeb.


33 posted on 06/02/2012 5:37:09 PM PDT by gunsmithkat (There is no such thing as Too Many Guns)
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To: Hojczyk

Understood. The so-called spending appears to include a great deal of outright theft. $5 Trillion dineros added debt and not a single visible new freeway or university or airport or seaport or canal or anything useful at all ? If any of these things have been built they’re sure scarce! Our money has been taken from us and we’ve been given nothing, or nearly nothing in return to help build for a better nation or economy (regardless of whether the feds should do any of these things, the simple fact appears to be that the federales have taken our money “for” such things and then not delivered them to us. It has to be theft. ).


34 posted on 06/02/2012 5:42:25 PM PDT by faithhopecharity
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To: WilliamIII

What a useless tool he is.


35 posted on 06/02/2012 6:11:59 PM PDT by ought-six ( Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
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To: WilliamIII

lol

and with that single statement Jeb just sunk ANY chance he ever had of becoming president.

Stay out of da BUSHES!


36 posted on 06/02/2012 6:38:31 PM PDT by TexasFreeper2009 (Obama lied .. and the economy died.)
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To: WilliamIII

“The brother of former President George W. Bush told a congressional panel in Washington today that he could back a theoretical deficit-reduction package that would include $1 in tax increases for every $10 in spending cuts”

Instead we’ll get $10 in tax increases for every $1 in spending cuts. No, we won’t get any spending cuts at all. We’ll have the tax increase and spending will go up and we’ll still have a deficit. That’s why nobody trusts any tax increase.


37 posted on 06/02/2012 6:49:26 PM PDT by ari-freedom
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To: WilliamIII
Been there, done that, got the t-shirt.

Just like immigration, how about this time we do what the right wants now for a "promise" to do what the left wants some time in the future. Cut the budget and after it has really been cut (ha!) and not just a reduced rate of increase, then maybe we'll consider raising taxes. Maybe. But the usual trick of promising $10 of future cuts from a planned baseline for $1 in immediate tax increases is just stupid.

38 posted on 06/02/2012 6:54:21 PM PDT by KarlInOhio (You only have three billion heartbeats in a lifetime.How many does the government claim as its own?)
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To: WilliamIII

I wonder if there is a politician left anywhere that still believes in economic growth.


39 posted on 06/02/2012 6:58:06 PM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: WilliamIII

Why doesn’t he back a public forum on offering “No government services that can’t be paid for out of current tax revenues” - since he’s feeling so courageous?


40 posted on 06/02/2012 7:02:44 PM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
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To: WilliamIII

$1 in taxes for every $10 in spending cuts!
Who wouldn’t take that deal? Reagan took deals just like that only the spending cuts never materialized.
I say spending cuts FIRST!


41 posted on 06/02/2012 7:10:25 PM PDT by griswold3 (Big Government does not tolerate rivals.)
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To: WilliamIII

$1 in taxes for every $10 in spending cuts!
Who wouldn’t take that deal? Reagan took deals just like that only the spending cuts never materialized.
I say spending cuts FIRST!


42 posted on 06/02/2012 7:10:43 PM PDT by griswold3 (Big Government does not tolerate rivals.)
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To: WilliamIII

$1 in taxes for every $10 in spending cuts!
Who wouldn’t take that deal? Reagan took deals just like that only the spending cuts never materialized.
I say spending cuts FIRST!


43 posted on 06/02/2012 7:10:43 PM PDT by griswold3 (Big Government does not tolerate rivals.)
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To: Logical me
Jeb Bush is a fool.

The fool becomes the tool (invoking my Jesse Jackson imitation).

44 posted on 06/02/2012 7:24:17 PM PDT by elkfersupper ( Member of the Original Defiant Class)
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To: irishtenor

With the Democrats, when they get serious about budget deficit reduction, that means $1 in tax increases for $4 (or more) in spending increases (euphemistically called “painful cuts”). Of course, the tax increases actually discourage the economic activity subject to the increased tax so much that they cause long-term decrease in revenue to the Treasury, whereas the spending increases result in regulation that fatally punishes economic activity, the taxation of which brings revenue to the Treasury.


45 posted on 06/02/2012 7:28:06 PM PDT by dufekin (Obama and Pelosi: at war against the Church--and innocent American babies)
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To: Moonman62
I wonder if there is a politician left anywhere that still believes in economic growth.

Lock your doors and turn out the lights, the Secret Service will be at your house in 5..........,4.........,3.........,2.

Never mind.

46 posted on 06/02/2012 7:30:15 PM PDT by elkfersupper ( Member of the Original Defiant Class)
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To: WilliamIII

Tax increases?
What’s wrong with staff reductions and elimination of unessential positions, offices and all the other things we don’t need?


47 posted on 06/03/2012 5:45:25 AM PDT by BuffaloJack (End the racist, anti-capitalist Obama War On Freedom.)
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To: WilliamIII

Seems to me we could get rid of the SWAT teams, and the other cops could use a few less stun guns and radar. If things are serious enough to need SWAT then call the National Guard.
Also, get rid of unneeded government offices.


48 posted on 06/03/2012 5:49:34 AM PDT by BuffaloJack (End the racist, anti-capitalist Obama War On Freedom.)
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To: WilliamIII

I would support getting that 50% of people who freeload off the federal government and pay no tax having to have some skin in the game. Our spending wouldn’t be out of control if so many Americans did not have income taxes.Other than that I would never support the increase of any tax.


49 posted on 06/03/2012 6:51:52 AM PDT by Woodsman27
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To: WilliamIII
Okay Jebbie. Now go create a private enterprise and look at your Profit and Loss statements and then get back to me about top line revenue and then pour through all the expenditures in the loss section and see what your bottom line looks like.

You do know what "bottom line" means? If not, I'll spell it out: total gross profit minus all operating expenses = net profit. Spend more in operating expenses than you take in by sales, capital borrowing, interest, etc., means you have a negative net cash flow. Kinda remind you of a certain Country[s].

Dear Jebbie, please go back to school and study Economics 101. If that's too time consuming than buy the book, "Economics For Dummies" or try "Business Basics For Dummies". Or you can always ask your accountant what a P&L statement is.

You're just another dumb f**k who has no idea how to balance a checkbook, or you just don't want to for your own political reasons. Just switch parties and be done with it.

50 posted on 06/03/2012 8:44:26 AM PDT by A Navy Vet (An Oath Is Forever)
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