Obama Should Return To Clinton-Era Spending Levels, Not Tax Rates

Fiscal Policy: Talk of Clinton-era tax rates ignores the fact that the former president, working with a GOP Congress, cut spending as a share of GDP and produced four balanced budgets by focusing on growth, not spending.

Even as he pushes $150 billion in new “stimulus” spending, President Obama argues that to avoid the fiscal cliff we must return to Clinton-era tax rates for wealthy households, with a top marginal rate of 39.6% vs. the Bush-era 35%. Clinton’s was an age of balanced budgets and economic growth.

But it was also an era of budgetary restraint in which both parties, not just the GOP, still produced budgets.

It was one, too, in which a Republican Congress led by House Speaker Newt Gingrich produced welfare reform, killed the precursor to cap and trade — Bill Clinton’s BTU tax — and stopped ObamaCare’s predecessor, HillaryCare, dead in its tracks.

Read More At IBD:  Investors.com.

About the Author

Albert Milliron is the founder of Politisite. Milliron has been credentialed by most major news networks for Presidential debates and major Political Parties for political event coverage. Albert maintains relationships with the White House and State Department to provide direct reporting from the Administration’s Press team. Albert is the former Public Relations Chairman of the Columbia County Republican Party in Georgia. He is a former Delegate. Milliron is a veteran of the US Army Medical Department and worked for Department of Veterans Affairs, Department of Psychiatry.

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