"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Monday, November 12, 2012

Norquist: GOP Can Cut a Deal With Obama

Grover Norquist

Tax reform is possible if the GOP holds fast

Americans for Tax Reform President Grover Norquist told CNSNews.com that House Republicans can cut a deal with President Obama to reform taxes as long as it doesn’t result in a net increase in taxes and not violate ATR's tax pledge.

CNSNews.com Editor-In-Chief Terry Jeffrey asked the tax reform advocate whether House Republicans could make a deal with Obama and not violate ATR’s Taxpayer Protection Pledge: “(I)n your view, the Republicans in the House can cut a tax deal with President Obama -- as long as it’s not a net increase in taxes?”

Norquist said: “Yes. Absolutely. Tax reform is a good idea, should be done and hopefully Obama won’t get in the way.”

John Stossel - The Money Hole
America is going broke! John exposes the serial spending and the pork laden programs of politicians and looks ahead at what could come to pass.

More people working as a result of pro-growth policies, and the federal government taking in more revenue because of economic growth, is not a violation of the Taxpayer Protection Pledge, Norquist says.

The Taxpayer Protection Pledge is a promise in writing from candidates to their constituents that says that they pledge to not raise taxes. Candidates on both the federal and state level have taken the Pledge. .

The Pledge specifically obligates the signer to oppose “any and all efforts to increase the marginal income tax rate for individuals and business” and to “oppose any net reduction or elimination of deductions and credits, unless matched dollar for dollars by further reducing tax rates.”

When asked what would be and what would not be an acceptable change in the federal tax laws, according to the pledge, Norquist explained: “Sure, if you cut the capital gains tax, that would reduce the disincentive to work, saving and investment. You’d have more economic growth. The government would actually get more revenue.”

(CNS News)

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