Bill Clinton: New taxes only after upturn
(Politico) — Former President Bill Clinton’s position on when the government should raise taxes took another turn during his Wednesday night appearance on the “Late Show with David Letterman.”
Clinton said last night he does not think now is the time to raise taxes on anyone because the economy is not growing, but advocated for a hike on the rich after the situation improves.
“Should you raise taxes on anybody right today — rich or poor or middle class? No, because there’s no growth in the economy,” Clinton said on the “Late Show.” “Should those of us who make more money and are in better position to contribute to America’s public needs and getting this deficit under control pay a higher tax rate when the economy recovers? Yes, that’s what I think.”
With that, Clinton reemphasized his support of the “Buffett Rule,” President Barack Obama’s proposed tax increase for those earning annual incomes of $1 million or more — with one critical difference.
Obama’s proposal would take effect in 2013, but Clinton says he prefers a much less specific time to institute the Buffett Rule: whenever the economy recovers.
http://www.politico.com/news/stories/1011/65855.htmlDamn. Downgrade isn't even capable of rounding up his own troops on this. Then again, he's only pushing it for his campaign. I mean, it's not like he's actually interested in governing or anything.