Grover Norquist is not an elected official. Yet, he is somehow able to wield enough influence over GOP representatives in Congress to control taxes. He all but forces them to sign a “no-tax pledge”, claiming that it they don’t, he’ll make sure they are run out of Office. The problem with Grover is that he’s not living in the real world. Grover is the President of the Americans for Tax Reform, an organization he started at the urging of Ronald Reagan back in 1985. You remember Ronnie….the champion of “trickle down economics” and deregulation, or as we like to call it today, the catalyst for our current economic situation.
Grover Norquist would have you believe, like Ronald Reagan, that Government is the problem. Without government, we’d all have money, great jobs, and no taxes. Thats a nice thought, but this is the Real world, not Disney world.
We are now headed for what people are calling, “The Fiscal Cliff.” It’s a combination of spending cuts and expiration of Bush tax cuts that supposedly will send us into oblivion. Somehow, people like Norquist, Paul Ryan, Mitt Romney, etc, etc, believe that all we need to do is continue to cut taxes, and things will just “get better”. I wonder how they figured that out? According to the Tax Policy Center, the Bush tax cuts have cost us approximately $2.3 Trillion dollars in lost revenue. They created almost no jobs, led to less GDP growth than continuing stimulus programs would. In fact, most economists believe that letting the tax cuts expire would do nothing negatively to job growth. The CBO (Congressional Budget Office) have concluded the same thing, saying that continuing these cuts would add another $1 trillion to our deficit over the next decade. They have benefited the Super Rich….people that have so much money that they probably don’t even know, or care, about their tax rate.
Now, Grover here would have you believe that letting the tax cuts expire for everyone making over $250,000 is going to hurt the economy, especially small business, by saying that it will create $442 Billion tax increases. Well, thats a nice try Grover, but if thats the case, then that would mean that those tax revenues are coming from 4% of small businesses, considering that almost 96% of small businesses are not making more than $250,000. Furthermore, someone like Donald Trump, Mitt Romney…..they are considered “Small businesses”. So, I doubt they’re going to feel it, and I’m sure it won’t push The Donald into Bankruptcy #5.