How come Bush was the first President in US history to cut taxes during a time of war?

Question

I have my own idea but I would like to know if anyone shares the same opinion.
I think he did it because if the American people dont have to pay for it they will support the war for a longer period of time. Anyone agree.

So every other War time President had it wrong, thats whats up?

Thank you for your answers I enjoyed them all

Answer 1

recent tax cuts from 2006 include cutting taxes for Oil companies, i guess record profits just aren't enough- why we cut tax in times of conflict make no sense to me- although, my suspicion might lean toward the idea that another more hidden agenda is working, not to the benifit of middle income tax-payers however.

Answer 2

Inheriting a 1999 recession brought on by the Largest Tax Increase in American history, for only the third time in four generations an across the board tax cut brings the American economy around.
A recent increase in tax revenues is due in large part to “a big spike in corporate tax receipts, which have nearly tripled since 2003, as well as what appears to be a big increase in individual taxes on stock market profits and executive bonuses,” The New York Times reported over the weekend. In a stunning insight into the liberal mindset, the Times called this a “surprise windfall,” and grudgingly noted that economists predicted exactly this result. “The supply-side tax cuts of 2003 are working exactly as we would have expected,” Heritage’s Dan Mitchell told The Washington Post. “Lower taxes on work, saving and investment leads to more work, saving and investment. It’s not exactly rocket science.”

Answer 3

It true,
as many other great answers have stated, it is to starve the beast.

1) Republican Congress and presidents can cut your taxes but they don't cut spending.
2) The historic Deficiet spending is a birth tax of 28,00 per baby, that is how much each one will owe on this debt.
3) In a time of war you need all the revenue you can get.....because 42% of the federal dollars go to past and present military actions.
4) Since Reagan, Presidents borrow money from the Social Security Fund.......
only adding more debt because bonds must be issued to cover it.

It goes on and on..........


NO One who calls themselves a fiscal Conservative, mean it and know what their talking about can defend theis presidents fiscal actions...............

more government, more expensive government.

Answer 4

The one doesn't have anything to do with the other.

He cut taxes because it's the right thing to do. Americans shouldn't pay half of the money they earn to the government. Plus, when Bush took over the Presidency, the country was stuck in recession. The one and only proven way to pull out of a recession is tax cuts to stimulate the economy. And it's working, the economy is roaring back to life.

At the time that Bush cut taxes, the middle class desperately needed it. Clinton had raised taxes on us and, with the cost-of-living increases, we really needed our money back.

Answer 5

Ithink you are right. He has dug us into some deep Sh** financially. Who knows what this genius' next move is. While I do like the tax cut, and living in NYS I have the highest tax in the country, I dont understand how he could of afforded to do this. He isnt the smartest tool in the shed. But most of us know that. The rest of our Country is just burying their heads in the sand, or since most are from the south, to busy making out with their sister

Answer 6

In the Reagan era, this was referred to as "Starving the beast".
You get rid of social programs by simply making them
unaffordable.

In this case, he hit us with a double wammy: He earmarked
a huge portion of the money for a pointless war while cutting
the sources of tax revenue.

Result: We cannot afford social programs so they get cut out.
When the war goes away, whatever recurring money that
gets free'd up will become available for another tax cut, etc.

It is the sort of slight of hand that would make you giddy if
so many people didn't get hurt in the process.

Answer 7

He wasn't... every President since the first world war who has cut taxes has done so during a time of war...

It's TRUE... America has technically been at war with Germany.. the FIRST WORLD WAR... because the U.S. Congress never ratified the treaty of Versailles, so America has been at war with Germany for almost 90 years.

Answer 8

I think he cut taxes because doing so helps boost the economy. Which it did. And in turn increase gov't tax revenue. Which it did. Sure there are still some spending issues that need to be resolved, but I think as long as the Fed keeps inflation in check, and at the same time not let interest rates strangle the economy, the budget will work itself out in time.

Answer 9

He was the only one who had to deal with something like 9/11. Those tax cuts help to prevent the complete destabilization of our economy. It kept people investing, companies growing, citizens spending.

Both war and tax cuts are good for the economy.....sad but true.

Answer 10

Probably because he actually UNDERSTANDS economics. Cutting the rate on taxes spurs economic activity which in turn generates more revenue to the government.

Why do you think department stores have sales, to lose money? Of course not, they do it to encourage you to spend money and increase their profits. Tax cuts do the same thing.