Bush interview part 2
O’REILLY: But I’m rich and I’m getting a tax cut from you. Tax cuts for the rich, what do you think when you hear that?
BUSH:: I think that — if you're going to have tax cuts, everybody who pays taxes ought to get relief. I think…
O’REILLY: Even the rich bad guys like me?
BUSH:: I think that — I think thirty-five percent is enough for anybody to pay in federal taxes. I also know that when you're talking about tax, taxing the rich, really what you're talking about is taxing many small business owners. Ninety percent of the small business owners are sub-chapter S corporations, or limited partnerships. They pay tax at the individual income tax rate, and so when you hear the politicians saying tax the rich, you're talking about taxing job creators as well.
O’REILLY: And entrepreneurs like me.
BUSH: Entrepreneurs like you. I think raising taxes would be a mistake, and my opponent’s going to raise taxes.
I have said all along that taxing the rich does not pay off. If I am a small business owner and you raise my tax rate, who pays, me? Nope. I just raise the price of my product or service, lay off an employee, take away a paid vacation day, and work the rest of my employees harder. 35% is enough. We should not increase taxes on this countries achievers!
Bush gave the status quo answer on his Guard service. I don’t think America cares about that anyway. He answered every question decisively. I was impressed.
Quote of The Day! Bill Maher on Hardball said when asked “ what does Bush have to do to be more decisive than Kerry at the debates?”
Bill answered “Show up, breathe, exist.”
Love that answer!!