As one of our colleagues recently put it, this Republican pledge of no new taxes is pure Bushlips. It's Bushlips when the president says 'No new taxes' and sends a budget requiring the Finance Committee to raise $20 billion in new revenues: $15 billion in taxes and $5 billion in user fees. (Lloyd Bentsen)

As one of our colleagues recently put it, this Republican pledge of no new taxes is pure Bushlips. It's Bushlips when the president says 'No new taxes' and sends a budget requiring the Finance Committee to raise $20 billion in new revenues: $15 billion in taxes and $5 billion in user fees.

Lloyd Bentsen

Related topics

billion budget committee finance pledge president pure raise republican requiring tax user bushlips

Related quotes

To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above.
Ben Bernanke
Although in our country the Chief Magistrate must almost of necessity be chosen by a party and stand pledged to its principles and measures, yet in his official action he should not be the President of a part only, but of the whole people of the United States.
James K. Polk
I grew up in a Hindu household but went to a Roman Catholic school. I grew up with a mother who said, 'I'll arrange a marriage for you at 18,' but she also said that we could achieve anything we put our minds to and encourage us to dream of becoming prime minister or president.
Indra Nooyi
I refer, of course, to the debts our nation has amassed for itself over decades of indulgence. It is the new Red Menace, this time consisting of ink. We can debate its origins endlessly and search for villains on ideological grounds, but the reality is pure arithmetic.
Mitch Daniels
I said we are going to balance an $11 billion budget deficit in a $29 billion budget, so by percentage, the largest budget deficit in America, by percentage, larger than California, larger than New York, larger than Illinois. And we're going to balance that without raising taxes on the people of the state of New Jersey.
Chris Christie