Friday, Nov. 9, 2012 | 2 a.m.
I just finished watching House Speaker John Boehner give a speech on CNN. According to Boehner, raising taxes on small businesses would be a mistake.
My only problem with this is that Boehner seems to think that ExxonMobil and General Electric are small businesses.
He further states that President Ronald Reagan and Speaker Tip O’Neill were able to work together to lower taxes.
What he forgot to mention was that under the Reagan administration, we more than doubled the national debt and that the following president, George H.W. Bush, had to raise taxes, and that, more than likely, kept him from a second term.
Under President Bill Clinton, we again raised taxes and still managed to create 20 million jobs.
Under George W. Bush, we again lowered taxes, and the world has seen the mess that has left us in.
Even with the lower taxes and two wars, we still were losing 750,000 jobs a month when he left office.
Boehner’s statement that raising taxes will cost jobs is just not true. The only thing it will do is lower the profit margin of big companies.