NYT: Bush breaks pledge made in 1999 to veto any tax increases

NYT: Bush breaks pledge made in 1999 to veto any tax increases

05/20/2006 @ 12:35 pm

Filed by RAW STORY

President Bush appears to have broken a pledge he made in 1999 to veto any tax increase bills, according to an article set for Sunday's New York Times, RAW STORY has found.

"The $69 billion tax cut bill that President Bush signed last week tripled tax rates for teenagers with college savings funds, despite Bush's 1999 pledge to veto any tax increase," reports David Cay Johnston.

In 1999, the conservative group Americans For Tax Reform convinced Bush - and the other candidates seeking the GOP nomination for president at the time - to sign anti-tax increase pledges (link).

"If I were elected president," Bush pledged. "I will oppose and veto any increase in individual or corporate marginal income tax rates or individual or corporate income tax hikes."

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