You're watching...
FBN’s David Asman breaks down the former president’s efforts to boost economic prosperity.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Come to light.
Growth opportunity and prosperity will be the hot topics here in New York today at the George W.
Bush institute hold a conference.
Featuring a wide range of leaders and experts giving their thoughts on how to help this country sixty.
As I mentioned Fox Business is dated -- -- at the New York Historical Society where that conference is taking place.
And David what kind of issues will they be focusing on here.
Well you mentioned it's the connection between growth and taxes there is a connection generally speaking generally speaking are always but the higher the taxes go the lower the growth -- is almost direct connection there.
And while president Obama's -- ready to go -- afforded talk about raising taxes the so called millionaire's tax.
Conservatives here in new Yorker are organizing -- the bush instituted some call the 4% project 4% refers to growth.
And the growth of the economy is you know Diana's anemic -- -- we had what one point 7% keeps getting.
Getting a cut down for 20112012.
We're not sure where it's gonna end up what we could be growing should be growing at least at 4% if not more.
And again -- Obama's talking about raising taxes the folks you're talking about lowering taxes because the key.
To prosperity certainly the key to getting our accounts in order is getting more growth in the economy and according to folks here and are gonna do that by raising taxes.
And David we saw the former president himself warming up there at the -- and what he expected to say today.
Well he's gonna be talking about what he did I mean -- frankly try to think of how.
Even more anemic our growth would be if if the bush tax cuts.
Had expired in the past couple years thank goodness we had lower tax rates to.
To give a little leg up to the struggling businesses in America if the tax rates have been increased.
As they were planning to be increased at the end of the ten year bush tax cuts we would have been growing.
Even less than we are now but there are a lot of people here it is it's no coincidence it's -- New York this meaning there's a lot of business people are here -- woody.
Woody Johnson the the owner of the New York -- came in we're going to be target Woody -- about taxes which is a pet today interest of his.
But also about the New York Jets coming up Ross going to be talking to Paul Ryan.
Congressman Paul -- is chairman of the house budget committee of course he has his own plan for cutting taxes which is quite similar to what Simpson Bowles said.
About a year and a half ago lower tax rates get rid of all the special deals for the rich folks the big corporations.
Get a flatter tax that we all pay if you want to talk about fairness.
That sounds a little more fair than what we have now.
Alright David Asman -- live from new York and David.
Will have coverage of that thank you David a David will have coverage of that tax conference throughout the day on the Fox Business Network will be bringing that to you of course.
