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FLASHBACK: In 1993, GOP Warned That Clinton’s Tax Plan Would ‘Kill Jobs,’ ‘Kill The Current Recovery’

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"FLASHBACK: In 1993, GOP Warned That Clinton’s Tax Plan Would ‘Kill Jobs,’ ‘Kill The Current Recovery’"

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The Bush tax cuts of 2001 and 2003 are scheduled to expire at the end of the year, and President Obama, just as he did on the campaign trail, has proposed renewing the cuts for all but those in the highest two income tax brackets, allowing tax rates for the wealthiest two percent of Americans to reset to the rate at which they were under President Clinton.

Republicans, however, want to renew all of the cuts, and have been apoplectic about Obama’s plan, claiming that it will kill jobs and cripple small businesses. “This is about stopping a job-killing tax hike on small businesses during tough economic times,” said Sen. Orrin Hatch (R-UT). “You can’t raise taxes in the middle of a weak economy without risking a double dip in the recession,” said House Minority Leader John Boehner (R-OH).

If these warnings about double-dip recessions and job-killing tax increases sound vaguely familiar, that’s because they are. TaxVox yesterday pointed to a couple of quotes from Republicans in 1993 employing very similar rhetoric as today’s Republicans, with then Senate Minority leader Bob Dole (R-KS), claiming that “half the tax increase because of the rate increases is going to be paid by small business and they’re not rich,” which is the same false argument employed by today’s Senate Minority Leader, Mitch McConnell (R-KY).

Here is just some of the rhetoric employed by Republicans in 1993 to fearmonger about Clinton’s tax increases (there’s more below the fold):

Rep. Newt Gingrich (R-GA), February 2, 1993: We have all too many people in the Democratic administration who are talking about bigger Government, bigger bureaucracy, more programs, and higher taxes. I believe that that will in fact kill the current recovery and put us back in a recession. It might take 1 1/2 or 2 years, but it will happen. (Congressional Record, 1993, Thomas)

Rep. Bill Archer (R-TX), May 24, 1993: I would much rather be here today supporting the President and I would do so if his proposals could expect to increase jobs and the standard of living for Americans, but I believe his massive tax increases will do just the opposite. (Congressional Record, 1993, Thomas)

Rep. Bob Goodlatte (R-GA), July 13, 1993: Small businesses generate the bulk of this Nation’s new jobs. And they will be the hardest hit by the Clinton tax-and-spend budget. Because, when you raise taxes, you kill jobs. (Congressional Record, 1993, Thomas)

Rep. Christopher Cox (R-CA), May, 27, 1993: This is really the Dr. Kevorkian plan for our economy. It will kill jobs, kill businesses, and yes, kill even the higher tax revenues that these suicidal tax increasers hope to gain. (Congressional Record, 1993, Page: H2949)

Of course, far from bringing the Doomsday of which Republicans were warning, Clinton’s policies ushered in the longest sustained period of economic growth in the nation’s history, with 23 million jobs created. Compared to the administration of George W. Bush, the Clinton-era saw more job growth, more GDP growth, more wage growth, and more business investment. Incomes grew under Clinton but fell under Bush, while poverty did the opposite, falling under Clinton but increasing under Bush.

Oh, and Clinton balanced the budget for the first time since 1969. On May 27, 1993, Rep. Robert Michel (R-IL) said “[Americans] will remember who set loose this dreadful virus into the economic bloodstream of our nation.” If only we could have a “dreadful virus” of that sort today. More quotes below the jump.:

Rep. Newt Gingrich (R-GA), February 2, 1993: We have all too many people in the Democratic administration who are talking about bigger Government, bigger bureaucracy, more programs, and higher taxes. I believe that that will in fact kill the current recovery and put us back in a recession. It might take 1 1/2 or 2 years, but it will happen. (Congressional Record, 1993, Thomas)

Rep. Bill Archer (R-TX), May 24, 1993: I would much rather be here today supporting the President and I would do so if his proposals could expect to increase jobs and the standard of living for Americans, but I believe his massive tax increases will do just the opposite. (Congressional Record, 1993, Thomas)

Rep. Bob Goodlatte (R-GA), July 13, 1993: Small businesses generate the bulk of this Nation’s new jobs . And they will be the hardest hit by the Clinton tax-and-spend budget. Because, when you raise taxes, you kill jobs. (Congressional Record, 1993, Thomas)

Rep. Thomas Ewing (R-IL), February 21, 1993: The Clinton plan will hurt the economy and kill new job creation…By crippling small- and medium-sized businesses, the plan will kill jobs. (Congressional Record, 1993, Thomas)

Rep. John Kasich (R-OH), August 5, 1993: Do you know what? This is now your package. We will come back here next year and try to help you when this puts the economy in the gutter. And virtually every major economic estimating firm in this country says your bill is going to kill jobs. (Congressional Record 1993, Page: H6249)

Rep. Robert Dornan (R-CA), August 5, 1993: The problem with our economy is that there is too little employment and too little growth. This plan will do nothing to improve that condition and will actually make it worse. (Congressional Record, 1993, Page: H6148)

Rep. Christopher Cox (R-CA), May, 27, 1993: This is really the Dr. Kevorkian plan for our economy. It will kill jobs, kill businesses, and yes, kill even the higher tax revenues that these suicidal tax increasers hope to gain. (Congressional Record, 1993, Page: H2949)

Rep. Jim Ramstad (R-MN), March 17, 1993: These new taxes will stifle economic growth, destroy jobs, reduce revenues, and increase the deficit. Economists across the ideological spectrum are convinced that the Clinton tax increases will lead to widespread job loss. (Congressional Record, 1993, Page: H1355)

Rep. Phil Crane (R-IL), March 18, 1993: The budget proposal offered by the Democrats is a recipe for economic and fiscal disaster…It proposes to increase taxes at a time when we have a fragile economy–higher taxes will only stifle job creation and economic growth.(Congressional Record, 1993, Page: H1454)

Rep. Dick Armey (R-TX), August 2, 1993: The impact on job creation is going to be devastating, and the American young people in particular will suffer a fairly substantial deferment of their lives because there simply won’t be jobs for the next two to three years to go around to our young graduates across the country. (CNN)

Rep. Joel Hefley (R-CO), August 4, 1993: However Clinton wants to spin his tax plan, the bottom line is this: It will raise your taxes, increase the deficit, and kill over 1 million jobs. (Congressional Record, 1993, Page: H5745)

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