- Sep 15, 2008
- Reaction score
- rocky mountains
Former President Bill Clinton says now is not the time to hike taxes.
“I personally don’t believe we ought to be raising taxes or cutting spending, either one, until we get this economy off the ground,” Clinton told Newsmax in an interview Tuesday. “This has been a dead flat economy.”
Clinton, who is hosting the Clinton Global Initiative’s annual meeting in New York City this week, said that until the country’s debt is reduced, he doesn’t believe cutting or raising taxes or boosting spending are the solution to bringing the country to a full employment economy.
“If we cut government spending, which I normally would be very inclined to do when the deficit’s this big, with interest rates already near zero, you can’t get the benefits out of it,” Clinton said. “So what I’d like to see them do is come up with a bipartisan approach, starting with the payroll tax cuts because they have the biggest return.”
Bill Clinton: No more taxes now - MJ Lee - POLITICO.com
This coming from Bill Clinton who reigned over the fastest growing economy of the 20th century has got to be a HUGE blow to Obama's new campaign strategy of wealth redistribution-class warfare campaign rhetoric or raising taxes on 227,000 Americans out of 311 MILLION Americans that make 1 million or over per year.
Bill Clinton states-NOW IS NOT THE TIME TO RAISE ANYONE'S TAXES. And for good reason--the wealthy in this country are responsible for 37% of the spending in this country. If you raise taxes on this crowd--they won't have it to spread around in the private sector.