You're watching...

How Will the Election Impact Potential Tax Hikes?

Details

  • Description

    Americans for Tax Reform President Grover Norquist on the presidential election’s impact on efforts to extend the Bush tax cuts.

  • Duration 5:14
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance

Transcript

This transcript is automatically generated

Campaign joining me now -- the man most feared and loathed at least by Democrats in Washington DC.

Grover Norquist president of Americans for Tax Reform -- good to have you here.

Well this is -- -- -- but let's turn first with the fact that there seems to be no.

Energy use in Washington DC.

To at least allay the concerns.

If not give leadership to.

This country on the issue of the fiscal -- -- -- sequestration.

Budget cuts whether it be the the in the current tax rates.

By allowing the bush tax sprouts until -- Well we don't know what's going to happen because it will all be decided one way or the other on November sex.

-- governor Romney is elected president with the present.

Republican House and incoming Republican senate.

They will extend all of the lower taxes for one year.

Do tax reform top rate 25%.

Territory -- -- the expensing.

Sort of the Ryan plan.

Camp and hatch reform.

And reform entitlements -- Ryan budget plan.

That's if you have united Republican government no tax increase -- -- spending reform.

If Obama is elected president or the Democrats on the senate there's a 500 billion dollar tax increase next year.

Five trillion over the next decade torture said about -- So what you're saying is that senator Patty Murray and the democratic leadership.

In Washington DC and this president have just handed the Republican Party.

Their message their definition.

And perhaps their greatest most compelling appeal to voters in 2000 drop.

Yes we know that now because Patty Murray and the president -- bragging about it.

But we also know it because they telegraphed that punch.

When and all of 2009.

And all of 2010.

When the Democrats had super majorities in the house the senate they have the presidency.

If they wanted to make any part of those bush tax cuts permanent for any income group.

They could've done that.

They chose to extend the tax cuts permanently for nobody.

Nobody.

Nobody not the poor not the middle class nobody.

-- I think -- I -- it idea about it I I think that nobody no one's I I got.

What I don't quite yet.

It is the fact that there seems to be some contentment that your suggesting that I don't proceed.

With going to November 6 without -- -- The concerns the fears the anxieties and the desperate need for leadership in this country by -- this president.

Our governor Romney and the Republican.

House and democratic senate.

And if we don't it's going to have consequences irrespective of the outcome of the election -- -- it is it seems to me brutal ignorance.

For these and I'm talking about -- houses of congress and this White House to suggest -- anyone to frankly my opinion to concur.

That there should not be at least he resolutions so there is in the period of and certainly for American business.

Working men and women in this country.

It is -- me the height -- your responsibility on the on the part of both the Democrats and republic.

Well right now we're suffering from that -- -- because we don't know what's going to happen and every businessman and investor and worker in this country.

Have to look into the future and say there might be a 500 billion dollar tax increase that that slammed the brakes on the economy and there might not so.

That's very damaging but the Republicans in the house have voted.

And we'll continue to vote on interstate -- -- I.

-- report what they do here each yeah.

I know precisely what they've done I know precisely what they have not done.

I know what this president has not that I know the proposals -- I am saying to you is I I guess I am if you will forgive me for doing so.

Asking why in the world should anyone in -- we're -- individuals so important issue and our public affairs.

And beat content.

To not call for greater statesmanship and leadership on the part of bowl parties and that their elected officials on Capitol Hill and down over at 16100 Pennsylvania.

I work every day to -- to get these tax cuts made permanent to passed the Ryan budget plan.

But I'm not gonna spend too much time asking Harry Reid.

Or President Obama.

To be considerate of tax payers because they haven't done in the previous twenty years -- their careers I'm willing to ask them again if you want -- -- To please stop raising taxes and wasting people's money I think somehow that there -- likely to respond.

-- Okay we will consider that your -- Your inquiry you're -- went and we year have taken note and we extend our gratitude to you for so doing.

-- always -- good to have you with us Grover Norquist David -- up now.