Today we are looking at the Bush Tax Cuts. My opinion is that President Bush's Tax Cuts aren't the best thing for America, but I'm interested to see how the candidates express themselves on this issue.
The first selection is from Joe Lieberman, as you will already have guessed. From a speech on October 18, 2002 at the NASDAQ MarketSite.
"Last year, with the storm clouds of stagnation gathering and the warnings of deficits growing, President Bush rammed through a tax cut that was far more expensive than we could afford and far less effective than our economy required. In doing so, he busted the budget, locked us in a fiscal straitjacket, and limited our ability to take any other growth-spurring measures.
There's nothing wrong with tax cuts. I have supported many of them over the years and will recommend some more today. But there is something wrong when tax cuts become not a policy tool but an ideological obsession, when one kind of tax cut is reflexively treated as the cure for every economic illness, regardless of its cost or effect, and when that one kind of tax cut substitutes, as it has under President Bush, for anything resembling a genuine economic recovery or growth plan.
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