Norquist: Cliff Deal Won't Include Tax Hike

Monday, 31 Dec 2012 09:50 AM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
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.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
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:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

US Plans to Arm, Train Ukraine National Guard

Friday, 01 Aug 2014 23:20 PM

The Obama administration has notified Congress of its plans to train and arm the Ukrainian national guard next year, the . . .

House GOP Lauds Passage of 'Responsible' Border Bill

Friday, 01 Aug 2014 23:02 PM

House Republicans praised the passing of legislation that would give President Barack Obama $694 million to address the  . . .

Congress Approves $225 Million for Israeli 'Iron Dome' System

Friday, 01 Aug 2014 22:54 PM

Congress approved $225 million in emergency funding for Israel's Iron Dome missile defense system on Friday, sending t . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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