Skip to comments.Jeb Bush says he would back tax increases to reduce deficit
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 governments 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.
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If you could bring to me a majority of people to say that were 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 ...
There should be a mandatory $1 of tax cuts across the board for every dollar NOT cut from the budget each year.
Jeb Bush is an ash hat! What a complete creep.
Just cut 9% if 10% is too much?
Stick your head in the toilet, John Ellis Bush. Look at the rest of the turds that had the same epiphany.
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.
Good people, those Bushes. Economic ignoramuses, though they are.
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
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.
Romney is better and smarter that JEB.
If you favor a flat tax that lowers marginal rates but takes away deductions like mortgage interest is that favoring a tax increase?
He has now made himself completely un- electable, and irrelevant on the national political stage.
Ronald Reagan got suckered in it to his and never got any spending cuts..
And we don’t want you either, Jeb.
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. ).
What a useless tool he is.
and with that single statement Jeb just sunk ANY chance he ever had of becoming president.
Stay out of da BUSHES!
“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.
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.
I wonder if there is a politician left anywhere that still believes in economic growth.
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?