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Americans for Tax Reform President Grover Norquist on the fiscal cliff negotiations and the implications for your wallet.
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-- President Obama is and in Washington negotiating a deal to avert the fiscal -- As I said he's golfing and why.
For the first third time that is since Saturday and there is 500 billion in tax hikes coming your way December 31.
But Grover Norquist the president of the Americans for Tax Reform warning those tax hikes are only the start of.
Our problems.
I get worse in addition showed the bush tax cuts they disappear 500 million dollar tax increase.
At the trillion dollars in obamacare taxes all the taxes to pay for that free health care -- supposed to get.
90% of the the tax increases to pay for obamacare were conveniently postponed until after a bomber got himself safely reelected.
They begin to hit January 1 of this coming year and there are unpleasant.
Well.
I absolutely unpleasant and it makes it's a disincentive to -- that's it's a disincentive to work I don't know what people and they didn't do -- down a rally.
But now it -- Boehner put -- bad press release this afternoon is people saying it's up to the senate it's in the senate to ballpark now to do something to get some kind of bill.
Will they do anything at all.
It isn't.
-- that although the focus is -- on President Obama and the House of Representatives.
The leader speaker Boehner now.
Some restaurant to public school but I just -- learned.
That there's a senate involved -- I'm not at the last three years.
No one's been talking about the United States senate it's spending its like they donated.
-- Some witness protection program they don't -- a budget they don't write a budget they don't vote on -- I'm sure they did vote on one budget.
Other Republicans tricked him into putting up the Obama's budget all the Democrats voted against it so we know they're not for Obama's budget.
-- haven't put together a budget because they cannot reelected Democrat majority of the senate.
In nineteen -- in 2024.
If every one of those senators had to actually stake out their position is being in favor of Obama.
-- taxes emails I don't understand why people aren't marching on the hell I really doubt.
And because this is what we hired them for to iron out these differences and nobody's doing the job.
Let's take a look at the numbers for.
Married folks -- -- married here that taxes you're gonna face.
If you make 50000 unit paid an additional 2000 dollars in taxes you make a 100000.
An additional 44600.
Dollars in taxes the list goes on if you make a million bucks you'd be paying an extra 50000 dollars in taxes.
Now I don't know about you but this changes in people's lives dramatically.
This is gonna cause people have to reinvent the way they live day today.
I just don't see why people aren't more upset about this.
They should be bid for the record all of the tax increases you just mentioned.
Are just the disappearance of the bush tax cuts you have to add to that the Obama new taxes that began in January.
And the Democrats all voted against the bush tax cuts so when the Democrats say wouldn't it be awful to have all these tax increases happening.
They voted to keep those tax increases not next year but for the previous twelve years so.
You have a very interesting fight in Washington where the Democrats for twelve years of imposed the bush tax cuts called them names said they were just for rich people.
And now that they're about to disappear they're running commitment for the hills because they know that that was a tax cut that largely benefited middle Americans working Americans.
And grandma and benefited -- Tell them it gets really practical to because the IRS is saying hey we cannot process two thirds of the tax returns with this -- going on.
People who are experts in payroll are saying we can't we can't -- how to handle payroll if you're not gonna give us some kind of idea of what you're going to do.
That they did problems are myriad.
And -- you know -- theme of the day can only go over the cliff and not cost some kind of other repercussion.
Well and I think some some people -- and I would I would argue that I think it's likely the President.
Obama.
Wants -- to go over the -- -- -- you say that.
Because the next four years are going to be a mess and another recession.
Because of the -- not not because that clip of that was not fiscal -- the next four years from going to be -- -- trillion dollar on higher taxes for obamacare.
Continued overspending because the president's refuse to do any restraints on spending no entitlement reform.
No trimming this of spending and the regulatory.
Regime the regulations.
That the Obama people spent four years writing.
But decided not to share them with us before the president got reelected.
Was his job was secure he no longer had -- care are pretend you care about your job.
So now you have hundreds of billions of dollars of new regulations.
May well -- -- our expensive -- right spending hey -- volatile years.
We're gonna ask you this question because people talked out about this all the time here in New York City.
They say higher taxes -- -- -- Because he has not come to the table he hasn't been willing to negotiate he is the person.
Use force members of the house are represented just sign these pledges saying no more taxes what do you say.
Well first off course as you know the pledges from bath from a congressman or senator to the people in his or her state not to make.
And this pledges protect the American people from tax increases.
We have -- -- Republican vote for cash accretion 22.
Years that is really slowed down the growth of government from what it would have been otherwise.
Now -- comes and wants to spend more wants to raise taxes.
The Republicans are saying -- a bond that we wouldn't have a problem if Obama hadn't increased spending by eight trillion dollars a year trying into the -- Trillion dollars yet and I just -- share.
There's a trillion more than it wasn't sure -- At all let -- happen over the past warriors let's face it they -- about stimulus spending.
What's gonna be implied by Obama -- that's gonna go through the roof.
To think that you're gonna pay for all of this with higher taxes is lunacy.
To say the least.
And on that note I think we'll have to leave the Grover thanks for coming -- tonight as always great to see you hope to see in the new year.
When -- -- those new checks and seeing just how small our paycheck is.
Thanks for coming on.
Take -- -- thank you.
