GO
Loading...

Enter multiple symbols separated by commas

Extending Tax Cuts Will Create Jobs: George W. Bush

bush_george_w_1010_200.jpg
Getty Images

As the question of extending the Bush tax cutsremains undecided, President George W. Bush defended the cuts on CNBC Monday, saying that they promote job growth.

“If one is interested in job creation in the private sector, it is important to recognize that lower taxes enable the job creators, i.e., small businesses, to have more money with which to expand their work force. And I would, yeah, I think they ought to be extended.”

The former president in on a book tour promoting his memoir, Decision Points.

Bush also challenged critics—both conservative and liberal—who have characterized him as a big spender, saying his administration’s expenses were justified.

“The debt-to-GDP (gross domestic product) was lower than only one other—was lower than every president except for President Reagan. And the deficit-to-GDP was lower than every president except for Bill Clinton,” said Bush.

“I was not about to put our troops into harm's way and not make sure that they were fully trained and equipped, and I was not about to let those who came back from combat have a veterans system that wasn't fully funded.”

Watch Larry Kudlow's interview with Bush on "The Kudlow Report," tonight at 7 pm ET on CNBC.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.