Bill Clinton: GOP can’t explain how tax cuts work

Former President Bill Clinton says Republicans can’t explain their position on tax cuts.

“Whatever you decide to do and however much money you have or don’t, how do you propose to do it?” Clinton told CNBC’s Tania Bryer in an interview that will air Wednesday night.

“Suppose you’re a Republican. You think the only important thing to do is to cut taxes. Well, not all tax cuts are equal, and there’s a lot of evidence about what works and what doesn’t,” he said.

Clinton signed tax increases into law before the economic boom of the 1990s.

The Senate released its first budget since 2009, calling for a nearly $1 trillion tax increase. House Democrats, meanwhile, are calling for a $1.2 trillion tax increase.

House budget committee chairman Paul Ryan’s proposal, meanwhile, calls for no new taxes, although it preserves some previously enacted tax hikes.

In his interview, Clinton says “Republicans need to propose how exactly their belief in continuing tax cuts will aid the American recovery,” CNBC reports.

“Ever since the Republicans took control of the House in January 2011 following their significant victories in the midterms,” he said, “Washington has frequently been in deadlock during successive budget talks.”

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