Tags: Fiscal Cliff | norquist | cliff | deal | taxes

Norquist: Cliff Deal Won't Include Tax Hike

Monday, 31 Dec 2012 09:50 AM

By Dan Weil

If an agreement to avoid the fiscal cliff does materialize, Grover Norquist, Americans for Tax Reform president, doesn’t expect it to include higher taxes.

“I’m working with all the folks who are trying to defend taxpayers here in Congress,” he told CNN’s “Starting Point” Monday, Politico reports. “I don’t think you’re going to see something that actually raises taxes. We may get some tax cuts now and have to fight for others later.”

Congressional leaders continue to seek an accord that would avoid the $607 billion in tax hikes and spending cuts that would begin tomorrow without government action.

Editor's Note: Use This Single Loophole to Pay Zero Taxes. See Video

The need to increase the debt ceiling early next year to avoid a government debt default gives Republicans leverage with President Barack Obama, Norquist says. “Watch for the leverage that Republicans have with the debt ceiling, continuing resolutions, that allows us to come back and actually fight for spending cuts but also further tax deductions,” he said.

Politico reports Monday morning that overnight budget talks between Senate Minority Leader Mitch McConnell and Vice President Joe Biden yielded some progress, raising hopes that negotiations aren’t dead.

Knowledgeable sources told the news service that the duo is near an agreement to raise tax rates on individuals with annual income of more than $400,000 and families with more than $450,000.


© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Ben Carson: Obama Letting Islamics 'Destroy Us'

Sunday, 01 Feb 2015 16:26 PM

Dr. Ben Carson, an expected GOP presidential contender, said he wants to see the size of government reduced if he one da . . .

Justice Department Probes Moody's for Mortgage Deal Grades: WSJ

Sunday, 01 Feb 2015 17:32 PM

The U.S. Department of Justice is investigating Moody's Investors Services for issuing favorable grades on mortgage deal . . .

Santorum: Blue-Collar Jobs a Top Issue

Sunday, 01 Feb 2015 16:41 PM

Former Sen. Rick Santorum, a possible GOP presidential contender in 2016, said Sunday that blue-collar jobs are one of t . . .

Most Commented

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