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The second presidential debate just two hours away and Democrats are.
-- -- even before their candidate takes the stage our next guest says Obama's tax plan is -- one that's going to hurt tax payers most.
Grover Norquist is the president of Americans for Tax Reform.
Ever want to start with this criticism of Romney's tax planning it's pretty darn effective the Democrats coming out and saying.
It is the intention of the Republicans to tax the middle class and to give the money to wealthy people what -- sex.
Well what -- talking about doing his plans to cut tax rates across the board 20%.
Reagan -- him across the board 25%.
K John F.
Kennedy cut them across the -- 22%.
Romney's also said this -- increase the deficit so one.
We'll have more growth more people have jobs since you'll have more revenue that come that way to Los eliminate some deductions or credits for high income people.
What the Democrats don't understand his economic growth.
Brings in more revenue should they just assume that zero.
Do you have to talk about dollar for dollar replacement of course not and and frankly I think you should just cut rates across the board point 2%.
Period end -- not get ready goblins and -- that all come on I mean.
Here imperfect world that the government pays out of every single -- they got to get somewhere works but -- but let's -- that -- this case.
-- growth is absolutely key and that's something we're still waiting to see -- I wanna get to -- you say is a very subtle change in Obama's statements about what his tax policy will be if he is reelected.
It's fascinating to watch some folks in the press the Obama campaign won every specific from Romney's.
Tax -- What Obama's done -- selling very very dramatic.
Has promised to all of this for years ago when she would never raise taxes on anyone any kind of taxes.
Excise taxes sales taxes income taxes on anyone who learned lesson -- that's -- full stop.
Now he broke that many times -- The new promise starting August states in Grand Junction, Colorado instead six or seven times -- so it's in the teleprompter this is not the top of this -- said this repeatedly right.
And that is.
Is it if you are less into an entity that's not here I won't raise your income taxes next year.
He's only promising not to raise income taxes leaving the door open to a value added tax or any other number of taxes and too because that's good for the year 2013.
-- what happens after that.
I'll -- for anything he wants -- he -- -- -- have kept his word if he doesn't raise taxes in 2013.
The bush tax cuts collapse and the 500 billion dollar tax increase in his mind is the tax increase but after year he can raise any taxes he wants.
Anything could happen so I think it middle class -- on notice you're saying it's Obama who's gonna raise your taxes and telling me that Obama's telling you that.
And the media's not reporting it.
As per usual let's talk of that.
The impact on small businesses was part of the vice presidential debate wouldn't -- impact on small business and part of that discussion depends on how you define small business.
That's what the other risks there -- friend Biden says 97% of small businesses won't be -- Well as another action fact that sort of true -- that fact it's also true.
A million small businesses.
Will be hit because there -- many many small business.
There are a million small businesses across country that will pay the higher taxes as high as 44% under.
Obama's tax increases the fact that that's a small percentage of the many.
Small businesses in the country.
Doesn't get around the fact that it's a million small businesses.
Lot of people a lot of jobs -- hanging in the balance and that's the real problem there you raise taxes on small business than they.
Tend not to grow they don't mad bodies they don't -- people on that -- that's on the table right now the other thing on the table look fiscal cliff looming.
Look this is gonna hit a lot of people -- percent I believe -- Americans would be paying more taxes an average of 3500 dollars extract over the course of the year.
Do you have confidence that congress is going to do something about this people tell me they believe something's in the works that congress is gonna get together with some sort of deal.
Do you see that.
It depends on the elections -- determined by the election if Romney wins with a Republican House or senate to hold a press conference sake.
All of -- -- tax cuts for next year our continued for a year or two.
During which time they do tax reform so they'll be no tax increase if the Republicans Romney wins.
The Republican House and senate.
If Obama is like that may not happen -- -- and you can't count on the Republican House and senate can't Karen Republican presidents say it.
If Obama wins the presidency or there's a democratic senate.
They could block the continuation of the bush tax cuts however.
What happened two years ago -- you had a democratic senate democratic president what do they do.
They extended all of those tax cuts for two years why they were terrified they want to hurt the very weak economy.
During a time when Obama was running for reelection the economy's worst now in terms of how it it's looking than they thought it was two years ago.
And the people who will insist on those tax cuts being continued for two years.
-- the twenty Democrats in the US senate were up for reelection in 2014.
If the Democrats have any say in the matter they will extend the bush tax cuts two years if they don't have any say.
Then then they'll be extended indefinitely.
With a Republican congress -- Republican president.
I'll have to wait to see -- -- thanks for coming on today gray tabby once you're usually not with us again in the flesh they --
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