Jeb Bush Humiliated After Tax Plan Gets Exposed as a Sham by Fox News’ Chris Wallace (Video)

jeb-bush-disappointedOnce upon a time some people referred to Jeb as the “smarter Bush.” Clearly, this was in reference to the fact that his brother often sounded like a bumbling idiot who seemed proud to finish a sentence without embarrassing himself.

Well, the more I hear Jeb speak, the more I’m starting to think he’s an even bigger idiot than his brother.

Take for instance bizarre comments he made during an interview with Fox News’ Chris Wallace when he tried defending his desire to give the richest among us a massive tax break.

“You gave your tax plan to four conservative economists who said that it would increase the deficit between 1 and 3 trillion dollars over the next ten years,” Wallace said. “Now, Ronald Reagan proposed something roughly similar, big tax cuts, back in 1980 and he argued that the dynamic effect, the word you used, the growth would end up paying for the revenue loss.”

“It’s not the government’s money,” Bush responded. “If we can allow people to have more money, clearly that’s going to create economic growth.”

“But whether it was Ronald Reagan’s tax cuts or your brother’s tax cuts, they did add greatly to the deficit,” Wallace replied.

“They didn’t add as greatly as the static thinkers on the left think,” Bush said. “They created a dynamic effect of high growth. If people think 2 percent growth is okay then we’ll have more people living in poverty, and disposable income for the middle class will continue to decline. We have to jump start the economy so people can have more money to make decisions for themselves.”

Wait a minute… they didn’t add as greatly to the debt as the ‘static thinkers on the left think’? Is he serious? Those of us “on the left” didn’t imagine the national debt nearly tripling during Reagan’s administration, then nearly doubling during his brother’s eight years in the White House – that actually happened. And both men made the same promises that their tax cuts would benefit the middle class and reduce deficits.

Except we all know that’s not what happened. Not only over the last three decades has income inequality reach levels not seen since prior to the Great Depression, but our national debt has grown under every single Republican president for the last 30+ years. Jeb is literally proposing the same type of economic policies as his brother, and we all know how that turned out. (Here’s a great reminder if somehow you’ve forgotten.)

Not only is Bush using the same debunked rhetoric as Reagan and his brother, but analysts have said his tax cuts will add 1.5 to 3 trillion dollars to the debt. It’s absolutely ridiculous. He’s running for president by basically saying, “If you liked how things turned out during my brother’s eight years – I’m pretty much going to do the same thing.”

Wallace then exposed Jeb’s tax plan for what it really is – just a way to give more money to the rich. The Fox News host pointed out that analysts have said his tax plan would have the rich seeing their income rise by 11.6 percent.

“You would save, under your tax plan, $3 million,” Wallace noted. “Does Jeb Bush need a $3 million tax cut?”

“Look, the benefit of this goes disproportionally to the middle class.,” Bush responded.

And this is where Bush just went off the rails, visibly annoyed by Wallace exposing his tax plan for exactly what it is.

“It’s a 2.9 percent increase,” Wallace reminded the candidate.

“Higher income people pay more taxes,” Bush shot back. “Proportionally, everybody will get a benefit, but proportionally they’ll pay more with my plan than what they pay today.”

“Well, forgive me sir, but 2.9 seems like it’s less than 11.6,” Wallace quipped.

“This simple fact is one percent of people pay 40 percent of all the taxes,” Bush asserted. “And so of course tax cuts for everybody is going to generate more for people that are paying a lot more. I mean, that’s just the way it is.”

And there you have it, Bush admitting that this is nothing more than a tax cut for the rich. When Wallace pressed him the truth finally came out. This isn’t about helping the middle class, this is about Bush believing that the rich pay too much. Not only that, but it’s laughable that he continued to insist that the middle class “disproportionally” benefits from his tax plan – when the numbers clearly show that they don’t.

Maybe it’s just me, but what Jeb said about the rich paying 40 percent of all taxes sounds an awful lot like Mitt Romney’s 47 percent comment, doesn’t it? Kind of that rich, elitist “I’m tired of the rich paying more while many people don’t pay anything” attitude you see a lot from the wealthy.

I think it’s important to also mention that while Bush seems to think taxes on the rich are too high (which is shown by the massive tax cut he wants to give them), he also wants to cut entitlement benefits that tens of millions of poor and middle class Americans heavily rely on.

In other words, Bush wants to give a massive tax break to the rich – while cutting benefits that help poor and middle class Americans.

It really is amazing. Jeb Bush often likes to insist that he’s “his own man,” but from what I’m hearing from him, he’s nothing more than George W. Bush 2.0.

Watch the interview below via Fox News:

Allen Clifton

Allen Clifton is a native Texan who now lives in the Austin area. He has a degree in Political Science from Sam Houston State University. Allen is a co-founder of Forward Progressives and creator of the popular Right Off A Cliff column and Facebook page. Be sure to follow Allen on Twitter and Facebook, and subscribe to his channel on YouTube as well.


Facebook comments