Grover Norquist bends on tax issue
The anti-tax advocate is giving Republicans a pass on legislation that would end up raising taxes for those making more than $1 million a year.
And so Norquist has had somewhat of a change of heart, saying Wednesday that he's OK with House Speaker John Boehner's "Plan B" legislation that would raise taxes on people earning at least $1 million a year.
"ATR will not consider a vote for this measure a violation of the Taxpayer Protection Pledge," Norquist's group, Americans for Tax Reform, wrote on its website Wednesday.
Norquist says that Republicans voting for the legislation that would raise taxes on millionaires are actually sticking with the pledge they made to oppose all efforts to increase the marginal income tax rate. The Taxpayer Protection Pledge is Norquist's signature effort; he has persuaded nearly all Congressional Republicans to make it.
The issue here is largely semantics. Boehner's Plan B proposal would continue the current tax cuts for all but the wealthiest Americans. Norquist is happy with continued tax breaks. But he doesn't say anything about the other side of the coin here, which is that people making more than $1 million could see their tax rates increase.
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It seems like Grover Norquist is the political equivalent of the Kardashians of Paris Hilton, famous for being famous, but not contributing anything meaningful or lasting to the topic at hand.
The MSM would do well to ignore him and return him to the oblivion he so richly deserves. And btw, I'm registered Republican and I think the answer is a combination of cutting and raising taxes. Neither cut spending nor raising taxes will, by themselves, get out of this mess that Congress has spent us into.
I want to know how this man Grover Norquist can control our whole country
hostage to his agenda which he says was done at the request of then-President
Ronald Reagan. Our lives have change since that time. This man is no different than
the man in the waco compound David Koresh Branch Davidian complex. In America
we are free and this man took that from the people who signed that paper. He is like a
Hitler in United State of America.
Why was the middle class set up to take a fall?
The fiscal cliff should have been set up to increase rich taxes 99.9%, not increase middle class taxes.
Boehner Bama set this antiAmerican "fix".
Thou shalt not covet thy neighbor's wife, except if she is really hot and you have blue balls...
And to think several hundred of our top leaders (Republicans in Congress) have pledged to honor the situational ethics of this guy? Amazing. Even more amazing that we keep re-electing these same people, again and again. (but that's our own fault!)
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[BRIEFING.COM] Equity indices closed out the month of August on a modestly higher note. The Russell 2000 (+0.6%) and Nasdaq Composite (+0.5%) finished ahead of the S&P 500 (+0.3%), which extended its August gain to 3.8%. Blue chips lagged with the Dow Jones Industrial Average (+0.1%) spending the bulk of the session in the red.
The final week of August represented one of the quietest stretches for the stock market so far this year. The first four sessions of the week produced the ... More
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