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A Defense of the Bush Tax Cuts

06/19/2010

Jim Hoft at the Gateway Pundit posted an article about the Bush Tax cuts, including some commentary from Jim Boehner:

House Minority Leader John Boehner (R-Ohio) on Thursday defended tax cuts enacted under President George W. Bush, saying they did not lead to the deficit that currently confronts the country.

“It’s not the marginal tax rates … that’s not what led to the budget deficit,” he told reporters, adding, “The revenue problem we have today is a result of what happened in the economic collapse some 18 months ago.”

…Boehner on Thursday blamed budget shortfalls on increased spending, which he says is “scaring the hell out of the American people.”

He also said that slashing marginal tax rates has actually buoyed revenue levels.

“We’ve seen over the last 30 years that lower marginal tax rates have led to a growing economy, more employment and more people paying taxes,” he said.

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