Today ATR president Grover Norquist was a guest on Newsmax TV’s Spicer & Co. hosted by Sean Spicer and Lyndsay Keith for a segment on taxes, spending, and China.
Norquist praised Trump and congressional Republicans for lowering the U.S. corporate income tax rate from 35 percent to 21 percent. Norquist urged a further rate cut to 10 percent and pointed out that Joe Biden wants to raise the rate to 28 percent, higher than communist China’s 25 percent corporate rate:
“Every country in the world had lower business taxes than we did. That’s how goofy and destructive our tax system was [before Trump] — it was pushing American jobs overseas. We took it from 35% to 21% and we now have a lower rate than China.”
Watch the interview here.
Spicer & Co. airs Monday through Friday at 6:00 pm Eastern on Newsmax TV.