Former Florida Governor Jeb Bush said he supported the government’s efforts to rescue the financial industry in 2008 but was not in favor of the Obama Administration’s aid to U.S. auto companies. Testifying before the House Budget Committee, Mr. Bush also rejected the so-called Norquist pledge, which calls on lawmakers to oppose all tax increases. The hearing, which examines the role of government, also includes testimony from Energy and Commerce Committee Ranking Member Henry Waxman.
Chris Edwards, Director of Tax Policy Studies at the Cato Institute, will testify alongside Mr. Bush and will argue that the United States must embrace international competition and overhaul the federal tax code, including reforming business taxes.
Gov. Bush, like Committee Chairman Paul Ryan (R-WI), is reported to be on Mitt Romney's short list of potential Vice Presidential picks.