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Grover Norquist: GOP Healthcare Bill Will Hurt Economic Growth

Image: Grover Norquist: GOP Healthcare Bill Will Hurt Economic Growth
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By    |   Friday, 14 Jul 2017 01:46 PM

Grover Norquist, the head of Americans for Tax Reform, denounced the Republican healthcare bill Friday as bad for economic growth.

The latest draft of the bill includes a number of taxes from the Affordable Care Act, including a 3.8 percent surcharge on those with a high level of income.

"There are some politicians who wanted to spend more money and they got what they wanted, which damages economic growth," Norquist said on CNBC.

He added positively that the bill does remove most tax increases that came into effect under Obamacare, and that the changes from the last draft will make it easier to pass.

Tax reform, Norquist said, will be "very pro-growth, but we are going to have to back up and get rid of the anti-growth taxes that are not yet eliminated in the Obamacare repeal."

Norquist recently wrote about the GOP bill, arguing that the newest draft doesn't go far enough, and that "All Obamacare taxes should be repealed." 

"The Trump tax reform plan, the House health bill, and the original Senate health bill abolished the Obamacare 3.8 percent Net Investment Income Tax," he continued. "Given the most recent language leaves some of the taxes in place, it is important for Senate leadership to make it clear that those taxes will be abolished in tax reform this year."

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Grover Norquist, the head of Americans for Tax Reform, denounced the Republican healthcare bill Friday as bad for economic growth.
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2017-46-14
Friday, 14 Jul 2017 01:46 PM
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