During his eight years as governor of Florida, Bush-backed legislation produced between $10 billion and $19 billion in tax cuts, depending on how it鈥檚 counted. Florida does not have a state income tax, so the tax cuts came in other ways: on homes, businesses, investments, large estates. The bulk came through a repeal of the wealth tax on financial instruments, .
But Bush does not rule out tax increases absolutely. He has never signed Grover Norquist鈥檚 鈥渘o new tax鈥� pledge. In 2012, when asked during a congressional hearing whether he would agree to a budget deal that included small tax increases alongside major tax cuts, he said yes.
鈥淚f you could bring to me a majority of people to say that we鈥檙e going to have $10 of spending cuts for $1 of revenue enhancement 鈥� put me in, Coach,鈥� .
