Skip to comments.Norquist: Still No Better Argument for Tax Hikes
Posted on 12/11/2012 8:16:39 AM PST by ExxonPatrolUs
A powerful anti-tax crusader said President Barack Obama doesn't have a better argument for tax increases today than he did two years ago, when he agreed to extend the Bush tax cuts for all Americans.
"Raising taxes is always bad for the economy," Americans For Tax Reform President Grover Norquist told CNBC's "Squawk Box" on Tuesday. "Tax increases are what's done instead of reforming government."
Negotiations to avoid the "fiscal cliff" of mandatory tax hikes and spending cuts have largely been focused on the president's desire to raise tax rates for the top two percent of wage earners.
Republicans have said they're willing to give the president half of his $1.6 trillion request for new revenues, but not in the form of tax rate increases for the wealthier Americans.
The GOP plan calls for closing tax loopholes and deductions, though there's a growing number of Republicans who want to give Obama his tax rate increases in order to shift the fiscal cliff talks to spending cuts and entitlement reform.
"Nobody should sign a bad deal not Obama, not [House Speaker] Boehner because of a imaginary deadline," said Norquist.
"This fiscal cliff is, of course, a totally made up deadline. It can be moved two weeks, three weeks."
In the rush to reach a deal before year-end, he's worried that damaging tax increases could be passed.
Norquist also said states that have reformed rather than raised taxes have done better, and the federal government should follow that model.
(Excerpt) Read more at m.cnbc.com ...
Every additional penny of taxes that gets flushed down the government toilet is an additional penny for the rats to spend to buy the votes of their party base of moochers, bums, deadbeats, and parasites. Money is fungible. Anybody who argues that new revenues will be used to (reduce the deficit / pay down the debt / fund the military / whatever...) is a lying sack of horse manure.
I think many of us have underestimated how much the American people, the ones Rush Limbaugh calls the “low-information voters”, have bought into the old FDR “economic royalists” argument. People truly believe that they can take what they need from “the rich” to compensation for their own lack of resources. Joe Stalin understood that aspect of human nature.
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