- Nov 14, 2011
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- 69,134
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So you're calling Bush a liar??? Because he said the reason for the tax cuts was because of the surplus Clinton handed him. Don't you recall ....Geez....
Don't you guys think for one minute when Bush took office WHY tax cuts were immediately in the offering? They knew a recession was coming!
Recessions means reduced business revenue.. means reduced tax revenue... SO if businesses need help in making it through recession.. tax cuts!
Bush: Surplus Justifies Tax Cut
President Bush said Saturday that the most important number in the budget he sends to Congress next week is the $5.6 trillion surplus it projects over the next 10 years.
That huge projected surplus provides the underpinning of all the administration's tax-cut and spending plans, Mr. Bush said in his recorded weekly radio address.
"A surplus in tax revenue, after all, means that taxpayers have been overcharged," the president said. "And usually when you've been overcharged, you expect to get something back." The surplus figure "counts more than any other" in the budget, he said.
President Bush said Saturday that the most important number in the budget he sends to Congress next week is the $5.6 trillion surplus it projects over the next 10 years.
That huge projected surplus provides the underpinning of all the administration's tax-cut and spending plans, Mr. Bush said in his recorded weekly radio address.
"A surplus in tax revenue, after all, means that taxpayers have been overcharged," the president said. "And usually when you've been overcharged, you expect to get something back." The surplus figure "counts more than any other" in the budget, he said.