Norquist On Tax Reform: “Voters Are Smarter Than The Democrats Think They Are.”


Posted by Hannah Daniel on Thursday, March 16th, 2017, 3:32 PM PERMALINK

Today ATR president Grover Norquist was a guest on Fox Business Network’s Varney & Company. Grover and Stuart Varney discussed Rachel Maddow’s Al Capone vault debacle, Obamacare repeal, and federal tax reform. See highlights and video below:

Norquist: “The repeal of Obamacare is somewhere around $900 billion in reduced taxes in the next decade including for people with Flexible Spending Accounts, Health Savings Accounts, and many middle class tax cuts. They [the Left and Democrats] don’t want to talk about that. They certainly don’t want to talk about taking the business tax down from 35 percent to 20 percent, the individual rate down to three rates, getting rid of the Death Tax, getting rid of the AMT. These are very popular with the American people. They would be very helpful to the economy. They would rather talk about whether we saw a 12 year old tax return number which points out that the president paid 25 percent of his earnings in federal taxes. That’s before you get to state taxes and local taxes in New York.”

Norquist: “Voters are smarter than the Democrats think they are. In Obamacare, there is a tax on prescription drugs. Poor people, low income people, middle income people buy prescription drugs. They know that a tax on prescription drugs is a tax on them. They know that a tax on insurance policies if they have insurance is a tax on them, not the insurance company. The insurance company doesn’t have any money that they don’t get from you and me and the general public when they sell insurance. They understand that taxes on businesses are what keep them or their brother or their sister or spouse from having a job. So the American people are a lot wiser than the left-wingers think they are. They understand the damage that tax does may be indirect, but it hurts.”

View the full interview below

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