Thursday, October 11, 2012
GOP Congressman: Romney Tax Plan Follows The Bush ‘Recipe’
GOP Congressman: Romney Tax Plan Follows The Bush ‘Recipe’: Since their passage, the Bush tax cuts have been a major driver of the nation’s increased debt and deficits. Without the Bush tax cuts, in fact, the nation’s debt would be at sustainable levels. Even worse, the Bush tax cuts, which the Romney plan maintains before cutting taxes even deeper, were heavily skewed toward the rich and failed to lead to the economic and job growth Republicans promised. The decade following was one of the worst on record for economic, job, and income growth.