During an appearance on NBC’s “The Today Show,” Bush said it’s not the time to talk about increasing taxes after what he called the biggest tax hike in American history two months ago following the fiscal cliff deal. But he also wouldn’t rule out the idea that revenues could be part of a package — something Republicans in Congress have said is off the table.

“There may be (room for revenue) if the president is sincere about dealing with our structural problems,” Bush said.

Bush, though, criticized the president for his conduct in the final days of the sequester debate, saying he “oversold” the negative consequences of the sequester.