Julian Zelizer: America Lives Under the Shadow of George W. Bushtags: deficits, debt, Julian Zelizer, CNN, George W. Bush, Princeton, tax cuts, presidential legacies
Julian Zelizer is a professor of history and public affairs at Princeton University. He is the author of "Jimmy Carter" and of "Governing America."
Although some Democrats are pleased that taxes will now go up on the wealthiest Americans, the recent deal to avert the fiscal cliff entrenches, rather than dismantles, one of Bush's signature legacies -- income tax cuts. Ninety-nine percent of American households were protected from tax increases, aside from the expiration of the reduced rate for the payroll tax.
In the final deal, Congress and President Barack Obama agreed to preserve most of the Bush tax cuts, including exemptions on the estate tax.
When Bush started his term in 2001, many of his critics dismissed him as a lightweight, the son of a former president who won office as result of his family's political fortune and a controversial decision by the Supreme Court on the 2000 election.
But what has become clear in hindsight, regardless of what one thinks of Bush and his politics, is that his administration left behind a record that has had a huge impact on American politics, a record that will not easily be dismantled by future presidents....
comments powered by Disqus
- Round 2: It's Benny Morris vs. Martin Kramer ... Was there a massacre in 1948 in Lydda?
- World War I Anniversary: Five Historians, Two Questions
- While French historians take a common view of WW I, British and German don't
- Historian: Proclamation Naming Pa. State Gun Gets Facts Wrong
- Irish slave owners were compensated historian reveals