He explains: “In the speech that the president gave to Congress, he didn’t propose any new taxes. The speech was $250 billion in tax cuts, $250 billion in spending over a period of two to three years. It focused mostly on a rather innovative set of payroll tax cuts and incentives to hire people.
“I personally don’t believe we ought to be raising taxes or cutting spending until we get this economy off the ground. If we cut government spending, which I normally would be very inclined to do when the deficit’s this big, with interest rates already near zero you can’t get the benefits out of it.
“So what I’d like to see them do is come up with a bipartisan approach, starting with the payroll tax cuts because they have the biggest return.
“Then what I’d like to see is an effort made at a bipartisan resolution of the banking home mortgage crisis.
Read more on Newsmax.com: Ex-President Clinton to Newsmax: Raising Taxes Won't Work
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