News and Politics | December 15, 2007 | 1 comment

Bush contradicts own policies, raises deficit $240B to prevent $14B in spending.

Image
TheRealEdwin

"As Congress stumbles toward Christmas, President Bush is scoring victory after victory over his Democratic adversaries. He has beaten back domestic spending increases, thwarted an expansion of children's health insurance coverage, defeated tax hikes, won funding for the war in Iraq and pushed Democrats toward shattering their pledge not to add to the federal deficit with new tax cuts or rises in mandatory spending.

But the cost of those wins could be high, both for the federal debt and for the president's own priorities.

Bush's steadfast stand against Democratic spending, coupled with his equally resolute opposition to tax increases, could raise the federal debt this fiscal year by nearly $240 billion. As Democrats struggle to meet his demands, they are jettisoning renewable-energy and conservation incentives that Bush championed, and they may ax some of his most cherished programs.

Even some Republicans bristle at the president's inflexibility. Bush has pledged never to sign bills with tax increases, even tax increases that he once supported.

"I see the president trying to play catch-up in two years for not vetoing anything in the first six years, and probably regretting that he treated the Republican Congress with softer gloves than he did a Democrat Congress," said Sen. Charles E. Grassley (Iowa), the conservative ranking Republican on the Senate Finance Committee. "He's kind of waking up to the necessity of having a certain policy that ought to be consistently followed, even if it's irrational."
--------------------------------------------------------------------
That Grassley, always with the tax and spend agenda! He'll get his!

The article points out that Bush accepted spending increases averaging 7 percent per year from the Republican Congress, but is shooting for 4 percent per year now. This has led him to the bizarre positions I referred to earlier.
--------------------------------------------------------------------

Bush's victory against much of the Democrats' energy bill also came at a price. A comprehensive bill will be signed into law, but the president defeated $21 billion in revenue increases that would have paid for tax incentives to support renewable energy, conservation and other programs that he has vocally supported.

"It's ridiculous," Grassley fumed. "He has compromised his own position."

The biggest revenue-raiser would have done away with a tax incentive that the five largest oil companies have enjoyed for three years. That break came about as Congress was considering tax incentives to spur manufacturing exports; the oil companies -- among the largest importers in the country -- successfully lobbied to be declared manufacturers, making them eligible for a new tax break.

At the time, Bush opposed more tax incentives. "I will tell you, with $55 oil, we don't need incentives to oil and gas companies to explore," he told a gathering of newspaper editors. "There are plenty of incentives." Grassley said Bush personally reiterated that position to him in 2006, during a private White House session on taxes.

This time around, Bush and Republican leaders declared that a repeal of such incentives would amount to a "massive" tax increase.

"What is clear is that raising taxes on oil producers will not lower the price of gasoline," said White House spokesman Tony Fratto. "And raising the price of gasoline is not what Americans need today. . . . We do not need a tax increase."
--------------------------------------------------------------------
Mind-bogglingly bad decision-making. And this is the guy who ran as a uniter? More like an untier.
  1. groups:
    News and Politics,   Politics,   Washington Post
  2. tags:
    News and Politics Politics Republican Bush 6 more
  3.     
    |

1 comment // Bush contradicts own policies, raises deficit $240B to prevent $14B in spending.

more from News and Politics:

top videos