January 16, 2002
President: Raising Taxes Would be "Huge Mistake"
Excerpt from Presidential Remarks with Prime Minister Bulent Ecevit of Turkey
The Oval Office
Click here to read transcript of full
remarks
3:10 P.M. EST
THE PRESIDENT: Well, Mr. Prime Minister, we put a
significant tax relief package in place right at the right
time. Our economy was beginning to slow down in March of
2001. Fortunately, I was able to work with both Democrats
and Republicans in our Congress to get a good tax relief package
out. And when the economy slows down, it makes sense to cut
taxes. And that's exactly what's happened. And
those who want to revoke the tax cut, basically raise taxes, are those
who just don't share my view.
I think raising taxes in the midst of a recession is wrong economic
policy. It would be a huge mistake, it's bad for American
workers, it hurt when it comes to creating jobs, and so I strongly
disagree with those who want to raise taxes here in Washington,
D.C. I'm confident that the American people agree with me as
well.
And if members of the House and the Senate listened to their
constituents and listened to those who want to find work, they will
understand the wisdom of our ways.
Thank you.
END
3:20 P.M. EST
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