Bush-Sandoval 2016: The Left’s Tax Hike Dream Team, Jeb Bush is vetting Nevada Republican Governor Brian Sandoval as a potential running mate, according to the Las Vegas Review Journal. Taxpayers should hope this is just a rumor pushed by Sandoval’s political consultants, because a Bush-Sandoval ticket is the 2016 tax hike dream team.
Bush did not raise taxes as governor of Florida. In fact, he cut taxes. So what is the problem?
First, Bush has enthusiastically embraced the concept of a “grand bargain” tax increase package with congressional Democrats. Testifying before the Budget Committee in 2012, he was asked by Democrats on the panel if he would accept a bipartisan ten-for-one deal containing $10 in promised spending cuts for every $1 in tax hikes. His response: “That would be wonderful. Let's see it. That would be spectacular.”
Seated nearby, Budget chairman Paul Ryan correctly noted, “The problem is the ten dollars never materializes.” This is a fact Bush should be very familiar with. His father, President George H.W. Bush, in 1990 was promised $2 in spending cuts for every $1 in tax hikes as part of a grand bargain with Democrats.
The result: the tax hikes happened, the spending cuts did not. In fact, spending went up. Bush Sr. later deemed the 1990 “Read My Lips” promise-breaking package the greatest mistake of his presidency.
Second, speaking to a group of editors and reporters at Bloomberg headquarters in New York City, Bush said he believes the 1990 tax hike deal “created the spending restraint of the ‘90s” and was “helpful in creating a climate of more sustained economic growth.”
Read that last sentence again. Imagine the Republican candidate for President telling voters that tax increases cause spending restraint and economic growth.
First, Bush has enthusiastically embraced the concept of a “grand bargain” tax increase package with congressional Democrats. Testifying before the Budget Committee in 2012, he was asked by Democrats on the panel if he would accept a bipartisan ten-for-one deal containing $10 in promised spending cuts for every $1 in tax hikes. His response: “That would be wonderful. Let's see it. That would be spectacular.”
Seated nearby, Budget chairman Paul Ryan correctly noted, “The problem is the ten dollars never materializes.” This is a fact Bush should be very familiar with. His father, President George H.W. Bush, in 1990 was promised $2 in spending cuts for every $1 in tax hikes as part of a grand bargain with Democrats.
The result: the tax hikes happened, the spending cuts did not. In fact, spending went up. Bush Sr. later deemed the 1990 “Read My Lips” promise-breaking package the greatest mistake of his presidency.
Second, speaking to a group of editors and reporters at Bloomberg headquarters in New York City, Bush said he believes the 1990 tax hike deal “created the spending restraint of the ‘90s” and was “helpful in creating a climate of more sustained economic growth.”
Read that last sentence again. Imagine the Republican candidate for President telling voters that tax increases cause spending restraint and economic growth.
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