Foxnews is reporting that Bill Clinton stated raising his taxes won't solve the current economic problem.
Both sides in the debate on job growth and deficit spending are claiming an ally in Bill Clinton, the multimillionaire former president who has declared his willingness to pay more in taxes, but said that it won't help get the economy moving.
Clinton, in interviews over the weekend, touted President Obama's $447 billion jobs package as a smart move. But speaking with Newsmax, he criticized the president's deficit-reduction plan, which calls for $1.5 trillion in tax hikes to be collected by raising the rates on people making $200,000 or more and adding an additional calculation for people making more than $1 million.
"It's okay with me. I'll pay more. But it won't solve the problem," Clinton said, adding that the country shouldn't deal with increased taxes or spending cuts "until we get this economy off the ground."
Following the interview, House Republican Leader Eric Cantor said he hopes Obama will "heed" Clinton's advice