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Cantor Appears To Concede That Bush Tax Cuts Will Add To Deficits

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Newscom

"That there's no evidence whatsoever that the Bush tax cuts actually diminished revenue," Senate Minority Leader Mitch McConnell told TPMDC last month. "They increased revenue, because of the vibrancy of these tax cuts in the economy."

In June, House Minority Leader John Boehner touched off his own case of deja voodoo ""We've seen over the last 30 years that lower marginal tax rates have led to a growing economy, more employment, and more people paying taxes," Boehner said at a press conference. "And if you look at the revenue growth over those 30 years, you've got a prime example of what we've been talking about."

Cantor's Senate counterpart, Jon Kyl agrees with McConnell and Boehner.

Makes you wonder how long until Cantor has a change of heart.


H/T Political Correction

[Ed. note: Revised since publication]

About The Author

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Brian Beutler is TPM's senior congressional reporter. Since 2009, he's led coverage of health care reform, Wall Street reform, taxes, the GOP budget, the government shutdown fight and the debt limit fight. He can be reached at brian@talkingpointsmemo.com

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