the Clinton years: supply-side economics
libs are losers who lie to themselves
FLASHBACK: In 1993, GOP Warned That Clinton’s Tax Plan Would ‘Kill Jobs,’ ‘Kill The Current Recovery’
The Bush tax cuts of 2001 and 2003 are scheduled to expire at the end of the year, and President Obama, just as he did on the campaign trail, has proposed renewing the cuts for all but those in the highest two income tax brackets,
allowing tax rates for the wealthiest two percent of Americans to reset to the rate at which they were under President Clinton.
Republicans, however, want to renew all of the cuts, and have been apoplectic about Obama’s plan, claiming that it will kill jobs and cripple small businesses.
“This is about stopping a job-killing tax hike on small businesses during tough economic times,” said Sen. Orrin Hatch (R-UT).
“You can’t raise taxes in the middle of a weak economy without risking a double dip in the recession,” said House Minority Leader John Boehner (R-OH).
...Here is just some of the rhetoric employed by Republicans in 1993 to fearmonger about Clinton’s tax increases (there’s more below the fold):
Rep. Newt Gingrich (R-GA), February 2, 1993: We have all too many people in the Democratic administration who are talking about bigger Government, bigger bureaucracy, more programs, and higher taxes.
I believe that that will in fact kill the current recovery and put us back in a recession. It might take 1 1/2 or 2 years, but it will happen. (Congressional Record, 1993,
Thomas)
Rep. Bill Archer (R-TX), May 24, 1993: I would much rather be here today supporting the President and I would do so if his proposals could expect to increase jobs and the standard of living for Americans, but
I believe his massive tax increases will do just the opposite. (Congressional Record, 1993,
Thomas)
Rep. Bob Goodlatte (R-GA), July 13, 1993: Small businesses generate the bulk of this Nation’s new jobs. And they will be the hardest hit by the Clinton tax-and-spend budget.
Because, when you raise taxes, you kill jobs. (Congressional Record, 1993,
Thomas)
Rep. Christopher Cox (R-CA), May, 27, 1993: This is really the Dr. Kevorkian plan for our economy.
It will kill jobs, kill businesses, and yes, kill even the higher tax revenues that these suicidal tax increasers hope to gain. (Congressional Record, 1993, Page: H2949)
FLASHBACK: In 1993, GOP Warned That Clinton’s Tax Plan Would ‘Kill Jobs,’ ‘Kill The Current Recovery’
SURE BUBBA, SURE