Daily Media Spotlight July 19, 2010

Posted by Aaron Marcus on Monday, July 19th, 2010, 2:23 PM PERMALINK

In an exclusive interview with Newsmax, Grover discusses how the Obama administration’s plan to allow the Bush Tax Cuts to expire will cost taxpayers $1 trillion. “It would be the largest tax increase in American history, and it would take every marginal tax rate and increase it. The taxes on businesses, on capital gains, would be very high.”

The Wall Street Journal mentions ATR opposition to a transaction tax floated by Congress. “Critics such as Americans for Tax Reform have attacked the bill for its potential harm to business. Many companies operate on razor thin margins, and additional taxes, no matter how small, threaten to squeeze new spending at a time when the economy continues to show signs of weakness”

In a Politics Daily article about Jacob Lew’s return to the helm of the Office of Management and Budget, Grover expresses his skepticism that anyone can stop the spending and tax increases proposed by Harry Reid and Nancy Pelosi. “Reid and Pelosi wrote the health care bill. Reid and Pelosi, [Sen. Chris] Dodd and [Sen. Barney] Frank wrote the bank bill. If the spending cocktail of the last two years was a martini, Obama is the vermouth.”

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