Bush Says Tax Cuts Fueled Strong Economy
WASHINGTON — President Bush defended his tax cuts Saturday, saying they had fueled a strong U.S. economy despite news this week of a slowdown.In his weekly radio address, Bush reprised his campaign trail argument that if Democrats gain control of Congress, they will let tax cuts expire.
"Since 2001, President Bush's tax cuts have shifted federal tax payments from the richest Americans to a wide swath of middle-class families, the Congressional Budget Office has found, a conclusion likely to roil the presidential election campaign." - Washington Post, 2004
"Cutting your taxes worked," Bush said. "Unfortunately, the Democrats are still determined to raise your taxes, and if they gain control of the Congress, they can do so without lifting a finger."
Bush said taxes are a huge issue in the Nov. 7 election. He said the tax cuts orchestrated by his administration have left more money in the hands of workers, families and small businesses — money they have used to sustain a bustling economy.
A Commerce Department report Friday, however, stirred fresh debate about the country's financial health...
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- October 28, 2006
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