Tag Archives: President George W. Bush

Bush 43’s Biggest Mistake

18 Nov

Historical_Mariginal_Tax_Rates

By Mike McGee

The biggest mistake made by President George W. Bush was that he did not insist that the US congress impose a temporary war tax or surtax as a way of financing the incursions into Iraq and Afghanistan and the international War on Terror (including Homeland Security) after September 11, 2001.

A cursory review of history shows that at least from the time of the US Civil War in 1861, a temporary war tax or surtax was imposed by the president or by congress to pay for each American war. This includes the relatively insignificant Spanish-American War, when tariffs and other taxes were raised substantially, and temporarily, to pay for that little conflict. Continue reading