Also in this playlist...
This transcript is automatically generated
Others give you one example of a change that would make of a difference in Social Security.
Pay a Social Security tax up to a certain point of your income.
So a little bit over a 100000 dollars.
Your Social Security news you don't pay Social Security taxes if we -- made a little bit of an adjustment in terms of the cap on Social Security that would.
Do a significant amount.
To stabilize the system.
And that's just an example of the kinds of changes that we can make.
That statement very different from a pledge candidate Obama made back in 2008 on the campaign trail.
I could make a firm pledge under my plan no -- Making.
Less than 250000.
Dollars a year we'll see any form of taxing -- Not your income tax not your payroll tax not your capital gains thanks -- Not any of your tonight.
Just read his -- joining us now from Washington DC -- Grover Norquist president of Americans for Tax Reform.
Good to have you this rover and here in the studio in New York senior economics writer Wall Street Journal Stephen -- -- to have you here's the ridiculous but let's start with I I long.
That we're just making a -- It'll just -- both of all of that's I mean you know the Social Security -- he wants to raise the income -- in this in his first two years he wanted the energy tax or cap and trade.
I you know there's a reason there's a cap on the Social Security tax which is this a sportsman like an insurance program you pay and then you get the puppets out in this wind blowing the -- -- that cap would be a major increase for people make over.
Between about a 10200000 dollars a year.
-- surely wouldn't disturb you just made a little.
That's -- he -- that a little adjustment.
What is interesting of course if that was a central campaign promise and now he's saying he got elected on a lie.
He's looking to tax people or a 100000 dollars here without you're talking about a 15%.
-- marginal income tax.
Through the Social Security system.
There course sixteen days into his presidency.
Sixteen days into his presidency he raise taxes on.
Cigarettes and of course the only American who earns more than 250000 dollars -- and smoke cigarettes.
Its name Barack Obama.
He started his administration taxing low income people.
Diet and -- had I'm gonna ask you this particular I'm just -- Republican.
Calling you the chief clerk of -- -- tax law but it seems somehow un Republican -- that I do that.
I won't have our genre fan of the spokesman for senator Tom Corbett and I'm a standing member of the gain of six.
Well that's his problem of course is that senator Coburn of Oklahoma.
Has joined the gang of six which -- people committed to raising taxes in the next.
Ten years by about two trillion dollars they want to put in the legislative form Obama's commission the so called Simpson Bowles commission.
Which is according to Paul Ryan two trillion dollars in tax increases.
So what he wants to do is say well what if you just eliminate the home mortgage interest deduction.
What if you eliminate charitable deductions he's got a target list he said of 700 billion dollars in tax increases.
Each year so that's seven trillion dollars over the next ten years.
That he thinks if you raise taxes they shouldn't count and ride out well well oh that's tax increases count.
He SE young Stafford has known about taxes coming -- Robots.
Statement I mean.
Drummers got a a little complaint here and I think I mean that's -- well it's tough stuff he does that mean.
It look first of all of this issue that he was talking about with respect to those 700 billion dollars of by deductions you know when I wanna get rid of us but while on a flat tax that's that's the idea right Grover is the deal is we get rid of those -- loopholes and end adoptions and we lower the rates for everybody which would make just can't -- much more efficient.
-- -- -- I agree with you -- -- I think.
I'm very nervous about our friend Tom Coburn.
Because for some reason he's kind of that is so this all -- some of these.
Big tax and increase.
Colleagues in the senate and this makes me nervous because that's gonna create in the -- Of a bipartisan support for a big tax -- -- -- but he's alone and that he is that there are no other Republicans joining amendments.
Little -- they can anyone let alone about a trillion dollar -- what about Saxby Chambliss downward yeah.
That he wants to raise revenue says he wants to raise revenue write -- -- that -- president wants their taxes he wants a racetrack.
He's -- he's got three proposed got through trials.
I don't think -- -- -- Don showed -- massive tax increase.
He's from Idaho I don't think -- wants to raise taxes he is hanging out with bad company if you and mr.
Chambliss is having impure thoughts about tax increases.
He's getting up especially this week -- I think everyone felt the United States senate is keeping bad company not apple -- Yeah -- think that what.
Return to the issue of this government.
The six point two trillion dollar reduction that that start congressman Ryan the chairman of the Budget Committee.
Let's put forward as the architect.
Is this going to happen.
And is it and point of fact.
That you guys are talking about -- fair tax or flat tax or you keep raising the anti army guys I mean how about just getting this thing under can.
-- first volley guy I'm most infuriating about the reaction to Paul Ryan's budget and -- an old friend I don't agree everything in and Paul Ryan's budget.
But for the last six weeks you've been following the debate though what what Democrats are saying remember Grover is what are Republicans can start talking about entitlements that's where the money is I mean that's what people like -- you know Chuck Schumer we're saying so that -- on -- all right guys.
Everybody I -- puts in place some of that -- the boldest reform now you're brave killer and Democrats as they wanna programmer elderly kill our -- So we're gonna do about a Grover what makes sense here -- taxes.
You've got everybody talking about taxes they're whispering at some Republicans are whispering -- They're not gonna talk about revenue enhancement -- which I loved he fought and less they've got to deal laws already on the table.
I mean there seems to be an extraordinary willingness on the part of Republicans to talk about tax increases.
-- -- well let's be clear the House of Representatives has made it very clear 230.
Five members of the house -- -- the taxpayer protection pledge to never raise taxes period.
Banners not raising taxes -- is not going to let it happen so it's not passing through the house they -- -- have real tax reform there.
Taking the corporate individual rates to 25%.
And in a revenue neutral weight reducing deductions or credits not -- Coburn.
And the Democrats want to do.
As -- two trillion dollar tax increase so there's been no tax increases on the senate side.
The other Republicans are not going to join Coburn in as little tax increase DL.
And the fact that Coburn thinks she's partnering.
With Dick Durbin who's never voted against -- tax increase in his life is never voted for spending cut in his life and as Barack Obama's best friend.
Who do you think is playing who.
In that game.
Yeah I hybrid program out of that that that there's that's most of more than one or two Republicans in the house that would vote for tax -- this year it just ain't gonna happen.
All right Stephen Moore thank you -- divisions -- over.
Filter by section