On Squawk Box, Mark Warner talks small business and extending tax cuts to the richest Americans. According to Warner, we should extend the Bush tax cuts to those making less than $250,000 per year, but if we extend the cuts to the richest of the rich, then “we’re gonna lose all credibility that we’re gonna be willing to take on the deficit.” I couldn’t agree more. Also, Warner makes an excellent point about the tax rates that existed during the 1990s, when the U.S. economy boomed:
I don’t mind going back to the rates that I paid under Clinton and Bush 1, when I was in business, because frankly, my businesses prospered greatly during the ’90s.
Yes, they most certainly did, along with the rest of our economy. Why wouldn’t we want to go back to that, especially when we’ve seen what the Bush/Cheney/Republican Congress policies did to us in the 2000s?