There were a set of Democratic tax rates in which we saw 22 million new jobs created, and we saw the balancing of the budget, and hundreds of billions of dollars of national debt paid off. And then there's the Republican tax rates that are called the Bush tax cuts in which we saw a net loss of 600,000 jobs, and we saw trillions of dollars added to the national debt. These are facts. You compare the 8 years of Clinton to the 8 years of Bush, you compare the two rates, and you look at the jobs and the effect on the debt and the deficit, and we know what the reality is. The best way not to hurt this economy is to do away with the set of policies that created the situation we're in now with 15 million people without jobs, our national debt doubled. Facts are facts, and we can't hide from them. And the fact here is that under the Bush rates, this country is seeing unemployment spike by millions, our debt rise by trillions.
Editor's note · Context
Fattah discusses the impact of Democratic and Republican tax policies on job creation and national debt.
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