Dec 22, The lesson from George H.W. Bush’s tax reversal. Jeffrey Frankel 22 December President George H.W. Bush was accused of breaking his own ‘no new taxes’ pledge. In this post, Jeffrey Frankel argues that Bush's mistake was making the anti-tax pledge in in the first place and sticking to it in the first part of his presidency. President George H.W. Bush famously avoided discussing his “legacy.” But in the wake of his passing late last year, it’s timely to recall what has become clear to historians: the Bush 41 Administration left a profoundly positive legacy in economic affairs, just as it did in geopolitics.
Sep 27, Change in top income tax rate. %. President George W. Bush cut taxes in two packages, one in and in On aggregate, they cut the top tax rate to 35%. Because Congress passed this Estimated Reading Time: 6 mins. Jul 18, Bush Tax Cuts Failed, So George W. Bush Should Stop Giving Economic Recovery Advice The book is co-authored by a roster of second-rate voodoo economists with supply-side axes to grind in the. Dec 01, It will go down as one of the most famous broken promises in political history.
InGeorge H.W. Bush stood before delegates to the Republican National Convention and vowed:"Read my lips: no. Jun 07, Big debt: Between andthe Bush tax cuts addedtrillion to the public debt, 50 percent of the total debt accrued during that time.
Over the past 10 years, the country has spent more. Oct 03, I recall praising George H.W. Bush's action to reduce the federal deficit in my San Francisco Examiner column. Here it is: Oct. 3,PM UTC / Updated Oct. 3,PM UTC.