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Bush created 4.8 million jobs while ‘tax and spend’ Clinton created 23 million.

By Satyam Khanna  

"Bush created 4.8 million jobs while ‘tax and spend’ Clinton created 23 million."

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Sen. John McCain (R-AZ) has been attacking Sen. Barack Obama (D-IL) as a “tax-and-spend liberal” for his plan to roll back the Bush tax cuts. Under President Bush, however, whose tax plan McCain wants to make permanent, only 4.8 million jobs were created. President Clinton, however, created 23 million jobs after raising income taxes and investing at home, as the Wonk Room notes:

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Obama wants to return the top two tax rates to where they were under Clinton, at 36 and 39 percent. Bush lowered those tax rates to 33 and 36 percent.

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