Parsing Bill Clinton on tax hikes…by George Bennett | October 11th, 2011
In an interview with West Palm Beach-based NewsMax last month, former President Bill Clinton said he didn’t think it was a good idea to raise taxes or cut government spending “until we get this economy off the ground.”
(Watch Clinton’s interview with NewsMax CEO Chris Ruddy by clicking here. The discussion of tax hikes begins around the 9:30 mark.)
With President Obama visiting Florida today, the conservative group American Crossroads is running an ad featuring the tax portion of Clinton’s comment while editing out the part about spending cuts. The ad throws in a later clip of Clinton telling NewsMax that higher taxes on incomes above $1 million “won’t solve the problem.”
Clinton is taking issue with the ad. Read his statement after the jump….
Statement from former President Bill Clinton on American Crossroads ad:
“The Republican Group American Crossroads has used a quote from me in a video opposing President Obama’s jobs plan and the “Buffett Rule.” The advertisement implies that I opposed the “Buffett Rule”. In fact, I support both the American Jobs Act and the “Buffett Rule”. I believe that it’s only fair to ask those of us in high-income groups — who have received the primary benefits of the last decade’s economic growth and the majority of its tax cuts as well — to contribute to solving our long term debt problem. What I did say was that the “Buffett Rule” cannot solve the problem alone. Reducing the debt requires three things: more economic growth, more spending cuts, and more revenue. Right now, the most important thing is to put America back to work. That’s why I support the American Jobs Act.”
Tags: Bill Clinton