Cavuto: There is never a good time to raise taxes

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-- taxes on the rich it worked for Bill Clinton it will work.

For me that is pretty much the argument Barack Obama uses for doing now what he says Bill Clinton did nearly two decades ago it the -- they.

And we'll all be more wealthy here's the problem though.

Then is not now.

Here's -- I coveted then here's the difference now Bill Clinton did raise taxes.

On the upper income then but he was doing so in what.

It was a significantly.

Improving economy things are picking up steam and fast a bit too late for anyone to notice.

And for George Bush senior from which to benefit but a much better environment than today for even entertaining.

Raising taxes.

Not let me be very clear here for my money there's really never a good time to raise taxes but let's just say it was a heck of a lot better back then.

Then it is right now further -- what Bill Clinton did next went beyond anything this president or anyone else for that matter is proposing now.

Bill Clinton cut spending a lot and he presented budgets that showed a steady path out of deficits.

That one over markets a line that was crucial.

Clinton was not perfect to be sure but his commitments of proving he was a new Democrat who would not resort to the same -- spending.

Was a welcome revelation and that was -- is for sure.

Humbled by a mid term Republican takeover of the house and the onset of the Gingrich revolution Clinton didn't bite the parade he actually got in front of it and I credited for that.

He reformed entitlements initiated sweeping welfare to work programs.

And then cut a host of investment related taxes this was crucial.

The boom was on an individual investors were in in retrospect.

Maybe too much so some say that Clinton actually went overboard.

Relaxing rules for derivatives trading that many argues that the states.

For the risky bets that led to the -- -- -- years later I'm not gonna go there and I'm not here to debate whether.

What Clinton did during the boom just what he got.

Bringing us to the -- With money -- -- and plenty of horse trading.

Clinton was as pragmatic as I think this president is -- -- He was open to making deals because it sure is LB -- on being a one term deal.

Bill Clinton read the big government bashing tea leaves and didn't just -- is that from the sidelines.

He picked up the flag and let it like a conga -- to his credit it worked because Bill Clinton showed balance -- nerve.

Say what you will about his presidency then those are flexible qualities lacking in this president right now.

Not taking sides but that was then vs.

Now the environment for hiking taxes.

Very different then vs now something we explore.

In a lot more detail tonight with governor Scott Walker of Wisconsin and Ron Paul with some big expectations this weekend.

Makes -- really look forward to what's on Fox Business little more than three hours from now you know --

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Cavuto: There is never a good time to raise taxes

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