Saturday, November 20, 2010

Rep. Pence: Bush Tax Cuts Didn't Work, So Let's Extend Them

Representative Mike Pence (IN) is one Republican who actually admits that the Bush tax cuts did not stimulate the economy and create jobs. He's correct; the Bush tax cuts were followed by the slowest economic growth since World War II. So what's Pence's solution? Extend the Bush tax cuts–and then fight for more cuts. Pence makes his incoherent argument here:

PENCE: Jim DeMint and I are offering legislation on Capitol Hill today to say, look, let's make all the current tax rates permanent, uh, and then let's start to work from there toward putting in place the kind of policies that'll really get this economy moving again. You know, I think it's fair to say, if the current tax rates were enough to create jobs and generate economic growth we'd have a growing economy. It's not working now. Let's at least give some certainty there and then we'll fight for more tax relief. (h/t Political Correction)

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