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.”
Here's the part of the interview transcript where Bush expressed this concern:
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.
I'm know that it must get the left's gourd to keep giving Bush credit for any tax cuts for the middle class. A few would love to let them expire just to pass them next year, and then, they can call it the Obama tax cuts, instead. However, most on the Democrats wouldn't hurt the economy just out of spite. Most that are saying this are lefty bloggers.
Let's go back to Bush's point that it might be easier to pass the bill, if it would just be tax cuts instead of the Bush tax cuts. In the end, I don't think that it'll really matter. The Democrats would still be for letting taxes go up on the rich and for extending the rest of them, regardless of what they are called.