Bush tax cuts are responsible for a large portion of our national debt.
Next time anyone attempts to sell you on why we should renew the Bush tax cuts - do not agree with them It is rather simple. The whale, on which rests this whole "RENEW BUSH TAX CUTS" platform consists of 10 GOP myths of the tax cuts:
All of these myths are predictably wrong.
On Saturday (July 30), David Stockman, the legendary Reagan budget chief who presided over the Gipper's supply-side tax cuts, announced that the "debt explosion has resulted not from big spending by the Democrats, but instead the Republican Party's embrace, about three decades ago, of the insidious doctrine that deficits don't matter if they result from tax cuts." The next day, the former Fed chairman Alan Greenspan, who famously helped sell the 2001 Bush tax cuts to Congress, declared them simply "disastrous."
- The 10 Myths of Bush Tax Cuts
- Democrats Plan Across the Board Tax Hikes on January 1st
- Democrats Want a $3.8 Trillion Tax Increase
- Tax Cuts Pay for Themselves
- The Bush Tax Cuts Didn't Add to the Deficit
- Expiring High Income Tax Cuts Will Hurt Small Business
- The Estate Tax Devastates Small Businesses and Family Farms
- The Bush Tax Cuts Helped All Americans
- Extending Bush Tax Cuts for the Wealthy is the Best Way to Stimulate the Economy
- Bush Tax Cuts Produced 52 Straight Months of Job Growth
- The Rich Pay Too Much in Taxes Already
All of these myths are predictably wrong.
On Saturday (July 30), David Stockman, the legendary Reagan budget chief who presided over the Gipper's supply-side tax cuts, announced that the "debt explosion has resulted not from big spending by the Democrats, but instead the Republican Party's embrace, about three decades ago, of the insidious doctrine that deficits don't matter if they result from tax cuts." The next day, the former Fed chairman Alan Greenspan, who famously helped sell the 2001 Bush tax cuts to Congress, declared them simply "disastrous."