Why are they called the Bush tax cuts?

[TexasCPA]

It didn't matter who was elected. Taxes were going to be cut. Why should Bush get credit for them? Bush drove up spending and drove down the economy after he got into office. They should be called the Clinton Prosperity tax cuts

[handmade34]

1. No

[NICO9000]

2. Try again

They're called the "Bush tax cuts" because they were proposed and passed during Bush's "presidency" in 2001 and 2003.

[rfranklin]

3. That's just silly...Clinton was paying down the debt...Bush insisted on cutting taxes...

because...'heh,heh...it's your money!" He should get credit for all the efforts he made in ballooning the national debt.

[TexasCPA]

5. It was spending and the Great Bush Recession that ballooned the deficit

Gore was planning to cut taxes too.

[rfranklin]

8. Not mainly for the ultra wealthy as Bush actually did...

GORE: I agree that the surplus is the American people’s money. That’s why I don’t think we should give nearly half of it to the wealthiest 1%, because the other 99% have had an awful lot to do with building our prosperity.

Source: Presidential debate, Boston MA Oct 3, 2000

$250B over 10 years in targeted tax cuts
Gore has proposed allocating $250 billion to $300 billion to tax cuts over the next decade for specific goals. In particular, he supports expanded tax incentives for education and retirement savings, a reduction in the marriage penalty for low- and middle-income couples, and a permanent extension of the tax credit for corporate research and development.
Source: New York Times, p. 22 Feb 27, 2000

But revenue has been below 15 percent of G.D.P. since 2009, and the last time we had three years in a row when revenue as a share of G.D.P. was that low was 1941 to 1943.

Revenue has averaged 18 percent of G.D.P. since 1970 and a little more than that in the postwar era. At a similar stage in previous business cycles, two years past the trough, revenue was considerably higher: 18 percent of G.D.P. in 1977 after the 1973-75 recession; 17.3 percent of G.D.P. in 1984 after the 1981-82 recession, and 17.5 percent of G.D.P. in 1993 after the 1990-91 recession. Revenue was markedly lower, however, at this point after the 2001 recession and was just 16.2 percent of G.D.P. in 2003.

The reason, of course, is that taxes were cut in 2001, 2002, 2003, 2004 and 2006.

http://economix.blogs.nytimes.com/2011/07/26/are-the-bush-tax-cuts-the-root-of-our-fiscal-problem/

[louis-t]

6. Good ole bush, he gave me $600.

He cost me $100,000 in business, but he gave me $600 and wrote his name all over the check.

[Lasher]

4. Maybe they should be called the 'Bankrupting America' tax cuts.

Or the Liars' Tax cuts. Remember, proponents claimed at the time that they would pay for themselves.

[TexasCPA]

7. The problem is Republicans confuse cutting taxes with spending discipline

They cut taxes, but they still increase spending. They are the party of Borrow and Spend.

[RevStPatrick]

9. Because he wanted them named after him?

Because he was proud of what he was doing?