Tags: jeb | bush | tax | increases

Jeb Bush Says He Would Back Tax Increases to Cut Deficit

Friday, 01 Jun 2012 01:26 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Former Florida Governor Jeb Bush, in a break with his party, said he could support tax increases to help reduce the federal government’s budget deficit.

The brother of former President George W. Bush told a congressional panel in Washington today that he could back a theoretical deficit-reduction package that would include $1 in tax increases for every $10 in spending cuts.

“If you could bring to me a majority of people to say that we’re going to have $10 in spending cuts for $1 of revenue enhancement -- put me in coach,” Bush told the House Budget Committee. “This will prove I’m not running for anything,” he said, prompting laughter from lawmakers and the audience.

“I appreciate your candor,” said Representative Lloyd Doggett, a Texas Democrat who pressed Bush on the issue. Committee Chairman Paul Ryan, a Wisconsin Republican, declined to comment on Bush’s remarks.

The 10-to-1 proposal was rejected by all of the Republican presidential candidates including the presumed nominee, former Massachusetts Governor Mitt Romney, in a debate last August on Fox News. Democrats say that shows Republicans are being unreasonable in the battle over how to reduce the deficit.

Lawmakers in Congress have fought over the deficit for more than a year in part because most Republicans have ruled out tax increases.

Bush said today that as governor he was repeatedly presented with, and rejected signing, an anti-tax pledge sponsored by Grover Norquist that most Republicans in Congress have taken.


© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

US Evacuates Embassy in Libya as Clashes Grow

Saturday, 26 Jul 2014 11:38 AM

The State Department has shuttered the U.S. embassy in Libya and evacuated American staffers... . . .

US Evacuates Embassy in Libya Amid Clashes

Saturday, 26 Jul 2014 08:14 AM

The United States shut down its embassy in Libya on Saturday and evacuated its diplomats to neighboring Tunisia under U. . . .

Montana Rep. Daines: Obama, Reid Waging 'War' on Energy

Saturday, 26 Jul 2014 09:29 AM

President Barack Obama has spearheaded a war on American energy, Montana Republican Rep. Steve Daines said in Saturday . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved