VeXed wrote:
Every politician flip flops and says things just to be elected. What is all the fuss about?
I mean the first Bush said "Mark my words, NO NEW TAXES"
And the first thing he does is.... well you can guess :P
Wiki wrote:
Early in his term, Bush faced the problem of what to do with leftover deficits spawned by the Reagan years. At $220 billion in 1990, the deficit had grown to three times its size since 1980.[10] Bush was dedicated to curbing the deficit, believing that America could not continue to be a leader in the world without doing so.[10] He began an effort to persuade the Democratic controlled Congress to act on the budget;[10] with Republicans believing that the best way was to cut government spending, and Democrats convinced that the only way would be to raise taxes, Bush faced problems when it came to consensus building.[10]
In the wake of a struggle with Congress, Bush was forced by the Democratic majority to raise tax revenues; as a result, many Republicans felt betrayed because Bush had promised "no new taxes" in his 1988 campaign.[10] Perceiving a means of revenge, Republican congressmen defeated Bush's proposal which would enact spending cuts and tax increases that would reduce the deficit by $500 billion over five years.[10] Scrambling, Bush accepted the Democrats' demands for higher taxes and more spending, which alienated him from Republicans and gave way to a sharp decrease in popularity.[11] Bush would later say that he wished he had never signed the bill.[10] Near the end of the 101st Congress, the president and congressional members reached a compromise on a budget package that increased the marginal tax rate and phased out exemptions for high-income taxpayers.[11] Despite demands for a reduction in the capital gains tax, Bush relented on this issue as well.[11] This agreement with the Democratic leadership in Congress proved to be a turning point in the Bush presidency; his popularity among Republicans never fully recovered, however.
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bob wrote:
Sorry,
my brother called you a retard.