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The Debt Debate and the 2012 Election

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    Grover Norquist of Americans for Tax Reform on the administration’s call for higher taxes to cut debt in the U.S.

  • Duration 3:54
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The battle of -- debt is again a national story house speaker Boehner says President Obama is proposing a debt limit increase without proposing any cops.

But the White House is threatening to republic threaten the Republicans not to get in the way.

Criminal -- from Americans for Tax Reform very powerful -- as we've often noted is in DC and he joins us again on Vaughn and company gravel welcome back good to see you.

Hastert could they with the F I know your opinion you don't want any kind all tax increase period this is a spending problem no tax increases but you just step back from the opinion for a second.

And I'll partisan -- observe a -- -- All we -- have another clash another face off another crisis like we had in August of last year.

Yes if Obama Israel acted know if Romney replaces them because -- Romney will work with the Republican House and an incoming Republican senate.

To reduce spending rather than raise taxes you think that.

-- that -- if governor Romney wins the White House does he not also have to have the Republicans win the senate.

Yes I I think as you look at the twentieth there -- 23 Democrats seats open in the senate half of them are vulnerable.

And -- -- ten Republicans up only two of those are vulnerable.

The Republicans will net at least four senate seats they'll have about a narrow majority.

All you need 51 in the senate.

If Obama's president with a Republican senate Republican House you'll have for the next four years the same fight we -- in 2011.

He wants higher taxes Republicans want to spend less.

And every time you hit the debt ceiling the Boehner role which Boehner reiterated I think it's brilliant.

OKMR.

Obama you are spending all this money you -- debt ceiling increase you -- a trillion dollars in debt ceiling.

We've got to agree to a trillion dollars in reduced spending.

Over the next ten years exactly what we didn't 2011.

Exactly what a lot of pundits said couldn't happen.

Did happen no tax -- -- spending cuts now led.

Let's be real clear I don't know we've talked about this before on this program.

You do not want any tax increases no increase in the tax rates.

-- you don't object I don't think you object to tax reform.

Which probably lower tax rates but more money coming into the treasury you don't object to that -- -- Again as long as the more money comes from economic growth.

We need to 1986.

Style Reagan tax reform reduced rates broaden the base.

Revenue neutral on -- static model but of course.

If the top rate was 25%.

Not 35%.

We would have more economic growth if we grow it 3% a year.

Instead of 2% a year for a decade.

The government would net through growth two and a half.

1000000000002 and a half trillion with a -- Higher revenues item for revenues that come from more people working -- making more money not from tax increases that kill jobs.

What do you make of the trend in Europe which may be followed -- America I don't know that for a fact but the trend in Europe -- to the left.

Keep the -- is flowing keep the entitlement state and tax and tax the rich to pay for it that is a political winner in Europe.

You don't think it's a political winner in America.

No it's not -- over 200 years all the people with common sense left Europe and came to United States.

The people who liked being over there aren't eating peat moss and having higher taxes and not having economic growth decided -- -- when you said this is no fun -- to the United States we love your grove who just love you very.

Grover Norquist everybody all right we appreciate it coming guidance is simply is I think this is a long running story and you get yeah -- -- the -- of it you really do thank you growth.