This is exactly the kind of in your face talk I was anticipating from Lawrence O’Donnell, and he didn’t disappoint. He came prepared, which he had to considering how little speaking time MSNBC hosts seem to get on Meet the Press:
“Who said this? ‘The tax increase will kill jobs and lead to a recession, and the recession will force people out of work and onto unemployment, and actually increase the deficit.’ That’s Newt Gingrich in 1993, on the Clinton tax increase, and those of us who were working on the other side of that tax increase, Newt, have been waiting for your apology for 20 years for being completely wrong about that.”
[I]n 1993 when President Bill Clinton raised taxes on the top income earners… the country experienced the “longest period of economic growth in U.S. history, increased business investment, 23 million jobs added, and, of course, budget surpluses.” The same boom did not materialize after President George W. Bush enacted his tax cuts; the country experienced large deficits and the weakest job and income growth in the post-war era.