George H.W. Bush: “Now he says he's seen the light. In this campaign, he proposes $150…”

On the recordSeptember 26, 1992

Now he says he's seen the light. In this campaign, he proposes $150 billion in new taxes, plus at least $220 billion in new spending. But don't worry; don't worry. He says it will all come from the rich, the top 2 percent, people who make over $200,000. But here's the truth. To get the money that he needs for this tax plan and spend plan, the $150 billion he's raised in new taxes, he would have to raise taxes on every individual with over $36,600 a year in taxable income. Audience members. Boo-o-o!

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George H.W. Bush

Republican · Texas

Source

govinfo.gov

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George H.W. Bush: “Now he says he's seen the light. In this campaign, he proposes $150 billion in new taxes, plus at least $220 billion in…”