Tags: Norquist | tax | pledge | deficit | debt ciling

Norquist: No-Tax Pledge Won't Affect Deficit Deal

By Hiram Reisner   |   Friday, 22 Jul 2011 09:11 AM

Grover Norquist wrote an Op-Ed published in The New York Times today to defend his claim that letting the Bush tax cuts expire is not a violation of his no-tax pledge. The pledge would not impact a deficit deal, wrote Norquist, president of Americans for Tax Reform.

Norquist, tax, pledge, deficit, deal,A firestorm of political reaction and punditry ensued after Norquist stated on Thursday’s Washington Post editorial page that allowing the Bush tax cuts to expire would not break the pledge, which he says 236 House members and 41 senators have signed.

“There has been much confusion — some of it my fault — over whether the ending of the 2001 and 2003 tax cuts or the A.M.T. ‘patches,’ scheduled for Dec. 31, 2012, should count as a tax hike,” he wrote in The New York Times Op-Ed headlined “Read My Lips: No New Taxes.” “If they are ended, the government will take in nearly $4 trillion more over the next decade than if they remain.

“My position, and the implications of the pledge regarding such ‘temporary’ tax cuts, is clear. If there were no vote in Congress and taxes rose automatically, then no politicians would have voted for higher taxes and no elected official would have broken his or her pledge.

“Others have tried to redefine ‘tax increase,’ specifically by arguing that eliminating a tax credit, exclusion or deduction in order to rake in more tax revenue should not count as a tax hike,” he wrote. “The theory is that any dollar the government failed to take from you in taxes had in fact been given to you in a spending program. By this reasoning, the deduction-killing Alternative Minimum Tax is not a tax hike — a cruel joke on the millions of Americans who get hit by it every year. When a mugger passes you on the street leaving you unmolested, he did not in fact give you your wallet.”


© 2015 Newsmax. All rights reserved.

1Like our page
2Share
InsideCover
Grover Norquist wrote an Op-Ed published in The New York Times today to defend his claim that letting the Bush tax cuts expire is not a violation of his no-tax pledge. The pledge would not impact a deficit deal, wrote Norquist, president of Americans for Tax Reform.A...
Norquist,tax,pledge,deficit,debt ciling
315
2011-11-22
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved