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President Clinton: Bush should raise taxes to pay for recovery
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Candidate
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| Contributor | COSDem |
| Last Edited | COSDem Sep 19, 2005 11:55am |
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| Category | General |
| Media | TV News - CNN |
| News Date | Monday, September 19, 2005 05:00:00 PM UTC0:0 |
| Description | WASHINGTON (CNN) -- Former President Clinton believes the Democrats should pounce on and exploit President Bush's refusal to hike taxes to finance Hurricane Katrina relief efforts and the wars in Iraq and Afghanistan.
"They should continue to oppose it, and they should make it an issue in the 2006 election, and they should make it an issue in the 2008 election," said Clinton, interviewed on Sunday by George Stephanopoulos on ABC's "This Week."
"I think it's very important that Americans understand... tax cuts are always popular, but about half of these tax cuts since 2001 have gone to people in my income group, the top 1 percent. I've gotten four tax cuts. They're responsible for this big structural deficit, and they're not going away, the deficits aren't."
Clinton said America's deficit has forced the United States to borrow "money from other countries to finance Iraq, Afghanistan, Katrina, and our tax cuts."
"We have never done this before. Never in the history of our republic have we ever financed a conflict, military conflict, by borrowing money from somewhere else." |
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