Part of 1. 1. Questions to the Cabinet Secretary for Finance and Local Government – in the Senedd at 1:42 pm on 7 June 2017.
Llywydd, Bill Clinton raised taxes. Tax take went up and public debt went down. His successor, George W. Bush, cut taxes. Tax take went down and he left office with public debt of 101 per cent of the level that Clinton had bequeathed to him in the final year of his presidency. It’s simply untrue to assert, as the Member does time after time, that there is only one direction in which economies can move, and his prescription, which is to cut taxes, give money to wealthy people, and take it away from people who otherwise would be spending it and creating economic activity, simply would be very damaging to the way we do business in Wales.