In 1991, President George H.W. Bush raised the top marginal income tax rate from 28 percent to 31 percent to help cut the deficit. In 2003, Sen. John McCain introduced the Senate’s first cap-and-trade plan to cut carbon emissions. In 2006, Massachusetts Gov. Mitt Romney used federal dollars, state taxes and an individual mandate as the foundation for the first successful state-run universal health-care law. In 2008, President George W. Bush pushed and signed a deficit-financed tax cut called “The Economic Stimulus Act of 2008” to help ease the pain of the...
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