Former President George W. Bush appeared on the Scott Hennen Show today and spoke a bit about his namesake tax reform that is the subject of hot debate in Congress right now. His opinion? The tax cuts would be less controversial if they weren’t called the “Bush tax cuts.”
HENNEN: I did a little analysis of three most used words over the last, I don’t know, three or four months here for sure, and they are Bush tax cuts. It’s everywhere right now with this debate going on. You talk obviously about the economic crisis and the financial crisis in your book and it’s obviously right now recognition of members of congress of both sides that we need to keep your tax policy in place. Does that feel like a vindication?
BUSH: Well I wish they would have called it something other than the Bush tax cuts and therefore would have been less angst amongst some to pass it, but I do believe it’s very important to send the signal to our entrepreneurs and our families that the government trusts them to spend their own money. And I happen to believe lower taxes is what stimulates economic growth and what we need now in our country is economic growth.
He’s right. During Bush’s term in office the liberals invested themselves so thoroughly in the notion that the Bush tax cuts were nothing more than the hated George W. Bush rewarding his rich cronies that I think they’re having a hard time backing down off that claim.
Already their claims about the Bush tax cuts being tax cuts for “the rich” exclusively have been shattered by the tacit admission from the liberals that some of the tax cuts were for the middle class, etc. When Obama says he wants to preserve the “middle class tax relief” he is essentially making a liar out of every Democrat who ever used the “tax cuts for the rich” line.