Skip to comments.Coming: '$3 trillion tax increase on middle class' (Norquist: Dems offer distractions before...)
Posted on 12/04/2012 12:36:13 PM PST by Perseverando
WASHINGTON Getting Republicans to agree to a tax increase on the rich is not the ultimate aim of the Obama administration and Democrats in Congress, says noted tax activist Grover Norquist.
This is just the first act of a two- or three-act play, Norquist said in an exclusive interview with WND.
Norquist, president and founder of Americans for Tax Reform, said the first act is to get congressional Republicans to put their fingerprints on what amounts to a minor tax increase.
After raising taxes on the rich a little bit, the Democrats will come back for serious tax revenue, he said.
In acts two and three, the Democrats will come back for the real money an energy tax and a value-added tax that will impact everybody, especially the middle class.
Norquist insisted Democrats in Congress and the establishment press are playing an elaborate game designed to blame Republicans for budget deficits and keep serious discussion of spending cuts and entitlement reform off the table.
Congressional Democrats know raising taxes on the rich will not produce enough tax revenue to reduce significantly the trillion-dollar annual budget deficits being run by the Obama White House, he said.
The reason the Democrats scream tax the rich, tax the rich, is because they are going to pivot very soon to place a 3 trillion-dollar tax increase on the middle class, and they want ringing in the publics ears that there wouldnt have had to do this if the Republicans in Congress had acted right away to place a decent size tax on the rich.
Norquist believes the Democrat strategy risks a tax revolt.
The size of Tea Party Two is going to dwarf Tea Party One, he predicted.
Norquist contends Obama is overstating his mandate.
Four years ago, he was convinced he
(Excerpt) Read more at wnd.com ...
yah...so where’s the THREE TRILLION coming from again?
Maybbe ‘Bammy can go and clawback some of that from the banksters....
If it doesn't the country will go down hard and fast.
That way the Democrats get what they want, get all the credit for it, and we go into recession quicker.
This will keep Obama busy the rest of his term just trying to recover from his party's mistake.
No time left over to grab more control for the feds in the areas of health care, education, etc.
One can argue that the Republicans should hold firm in hopes of pushing off the recession a few more months to help a few more struggling families hang on for those few more months.
But is that short term "gain" really worth all of the long term pain that will ensue if Obama is given months of free time to do even more damage to the Constitution?
Start by removing Boehner & McConnell. Our own party is selling us out.
The Laffer Curve says there is an optimal tax rate, and if you raise it above that you get less revenue.
Hauser's Law is the historical observation that no matter how high or low the tax rate, revenues average 19.5% of GDP.
Those two are not really a part of “our own party”.