Hannah Daniel

Norquist: AHCA is One of the Most Conservative Pieces of Legislation DC Has Ever Seen


Posted by Hannah Daniel on Wednesday, March 22nd, 2017, 10:01 AM PERMALINK

ATR President Grover Norquist appeared on Mornings with Maria on the Fox Business Network to discuss the American Heath Care Act, calling it “one of the most conservative pieces of legislation this town has ever seen,” and tax reform, explaining that border adjustability is necessary in order to pay for the planned tax cuts in the House Republican tax blueprint.

On the repeal bill, Norquist said:

“To criticize the Trump-Republican plan, which cuts spending by $1.2 trillion a decade and taxes by $900 billion, reforms Medicaid by block granting it and giving us HSAs, it’s a little hard not to recognize that as one of the most conservative pieces of legislation that this town has ever seen. I'm always for improving whatever we do, and so the questions raised by the Freedom Caucus and the Republican Steering Committee, these are fine questions, and there are negotiations that appear to be moving very quickly to make some changes in the package that Trump and the Republicans will find fine.”

On tax reform, Norquist said:

“Border adjustability raises a hundred billion a year, or a trillion dollars over a decade. That’s part of paying for about the other three and a half trillion in tax cuts. Part of it is done by reducing the expected revenue that happens in fixing Obamacare by a trillion dollars, that gives us another trillion, six hundred billion we got by making the extenders permanent, we got almost a trillion dollars by looking at it in dynamic scoring, but now we need more resources if you’re going to take the rate down to twenty, and that’s where border adjustable or something like it gets in.”

Click below to watch the interview:

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Repeal Bill Abolishes Obamacare’s Chronic Care Tax on Middle Class

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Posted by Hannah Daniel on Monday, March 20th, 2017, 12:11 PM PERMALINK

Obamacare’s Chronic Care Tax is an income tax hike that hits 10 million households that happen to have high out of pocket medical expenses in a given year – the average income of households paying this Obamacare tax is $53,000

Though rarely if ever mentioned by the mainstream media, Obamacare is loaded with tax hikes on the middle class. Today we look at just one of these taxes, the Obamacare Chronic Care Tax:

-The Obamacare Chronic Care Tax violated Obama’s middle class tax pledge. Obamacare imposed a $1 trillion tax hike on the American people, and violated President Obama’s own “firm pledge” not to raise any form of tax on any middle class American. One of the most widespread Obamacare tax hikes is the Chronic Care Tax.

-The Obamacare Chronic Care tax is an income tax hike. Before Obamacare, Americans facing high out of pocket medical expenses were allowed an income tax deduction to the extent that those expenses exceeded 7.5 percent of adjusted gross income (AGI). Obamacare now imposes a threshold of 10 percent of AGI. Therefore, Obamacare not only makes it more difficult to claim this income tax deduction, it widens the net of taxable income.

-The Obamacare Chronic Care Tax hits at least 10 million American households each year. According to IRS data, each year approximately 10 million households are hit with the Obamacare Chronic Care Tax, and nearly all were middle class. The average household income of those hit with this Obamacare tax: $53,000.

-The Obamacare Chronic Care Tax is a $35 Billion Tax Hike over 10 years. By raising the threshold that Americans can claim the chronic care tax deduction to 10 percent, ATR estimates that the income tax increase for the average family claiming this tax deduction is $200 - $400 per year. The latest CBO score shows that the Obamacare Chronic Care tax hits these families with $35 billion in higher taxes over ten years.

-The Repeal Bill abolishes the Chronic Care Tax, providing significant tax relief for low and middle income households. The AHCA restores the pre-Obamacare 7.5 percent threshold, providing significant middle class tax relief.

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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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Norquist Praises House GOP Tax Plan


Posted by Hannah Daniel on Monday, February 27th, 2017, 4:02 PM PERMALINK

 

On Monday ATR president Grover Norquist appeared on C-SPAN’s Washington Journal to discuss the House GOP tax plan along with Adam Posen, the president of the Peterson Institute. Outlining the key points of the proposed Republican plan, Norquist highlighted the pro-growth elements that House leaders have included in the blueprint.

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Norquist: Trump and House GOP Tax Reform Plan Coming Together

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Posted by Hannah Daniel on Tuesday, January 17th, 2017, 3:28 PM PERMALINK

ATR president Grover Norquist was a guest today on Mornings with Maria on the Fox Business Network to discuss tax reform. He said:

The big story over time is how Trump’s plan and the House Republican plan – Chairman Brady and Paul Ryan – have come together. Remember, Trump started at 15% -- the corporate rate – and the Republican plan started at 25%. When they updated it they moved it to 20% towards where Trump was. Trump’s was the only Republican plan, of all the 1500 Republican candidates for president, he was the only one who didn’t include full expensing for business investment in his first plan. Second plan, he joined with the House in going to full expensing for business. So rather than long depreciation schedules, you expense it the first year. Very powerful pro-growth tool. So on both of the drivers of growth, full expensing and a lower corporate rate, the Trump plan and the House Republican plan have moved towards each other in the right direction.

The full video can be found here

Photo Credit: 
Gage Skidmore https://www.flickr.com/photos/gageskidmore/

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