US ALREADY in RECESSION , ' EXTEND BUSH TAX CUTS ': Bill Clinton - US Business News - CNBC

Pres. Clinton: Avoid Fiscal Cliff at All Costs

 Bush tax cuts named after Clinton's successor, George W. Bush.

Those across-the-board cuts have been criticized by Democrats who say they were skewed toward upper-income earners.

To counter the cuts, President Obama proposed the Buffett Rule — which was ultimately defeated — that would have imposed a surtax on millionaires.

US Already in 'Recession,' Extend Tax Cuts: Bill Clinton - US Business News - click  for  more..