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The Tax and Spend Spectator
Waiting for Taxmageddon
A vote for Obama is a vote for an immediate $500 billion tax hike.
(Page 2 of 2)
So now what?
This scheduled tidal wave of tax hikes does not require any vote by Congress. The president does not need to sign anything. It will just happen.
Some hope for a “compromise,” but that’s not likely before the November election. Democrats are campaigning for additional taxes on the rich to pay for Obama’s debt buildup.
This has not worked very well, as the “Buffett Rule,” a 30 percent tax on incomes over $1 million, would raise only $47 billion in the next decade, during which time Obama’s debt is projected to grow by $6.8 trillion. Average voters are reminded only that Obama will be back to get the missing $6.795 trillion from the middle class. (Again, trickle-down taxation: Democrats talk about taxing the rich and then end up taxing the middle class.)
For their part, Republicans know their fingerprints on a tax “compromise” that meets Obama’s demand of at least $1.5 trillion in “new revenue” would cost the GOP the Senate, the presidency, and probably the House. Speaker John Boehner and Senate Minority Leader Mitch McConnell will not allow that to happen.
Official Washington is having a pretend conversation about how a “grand bargain” might be struck during the lame duck. This is to fill newspaper columns and justify ridiculous salaries for K Street lobbyists. The reality is that the November election will strengthen one party or the other: the Republicans, who will control the Senate and/or presidency; or the Democrats, who will have a re-elected president and have no need to maintain a pretense of moderation. Whatever happens on Election Day, neither party will be able to have its way until after January. And then the winning party will.
THE REPUBLICAN STRATEGY is to vote before November to extend all the disappearing tax cuts for one or two years, which would allow (hopefully) a Republican House, Senate, and president to enact tax reform in 2013. Democrats cannot block this legislation in the House, but they can and will stop it in the Senate. Nothing will pass.
Democrats will claim they want to permanently extend many of the Bush tax cuts for everyone except the rich. This might have worked as an argument, except that in 2009 and 2010, Obama, Reid, and Pelosi woke up each day and did no such thing. Why should voters believe that the president truly wants to permanently continue any of them, given that when he had the power and control he chose to extend none?
All this leads to a single point of focus: Tuesday, November 6, 2012.
Smart politicians have perfected the art of separating tax hikes from Election Day with as much distance as possible. This is why tax day, April 15, lies far from the first Tuesday after the first Monday of November.
But the Democrats have made a big mistake. This one time, Election Day sits only 56 days from a $500 billion tax hike, and the only way to stop it is to re-elect a Republican majority in the House of Representatives, add at least four Republicans to the Senate, and install Mitt Romney in the White House. Then, through reconciliation, the House and Senate can extend the lapsing tax cuts for one year, enough time to pass a real revenue-neutral, Reagan-style tax reform, like the one outlined by Rep. Paul Ryan, which drops the personal and corporate income tax rates to 25 percent.
A vote for Obama is a vote for an immediate $500 billion tax hike and the long term continuation of Obama’s downward path toward the fate of Europe.
About the Author
Grover G. Norquist is the president of Americans for Tax Reform.
Letter to the Editor View all comments (25) | Leave a comment
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RCV| 7.18.12 @ 6:11AM
EvenRepublicans are beginning to ask: Who cares what Grover Norquist thinks?
Jack London| 7.18.12 @ 7:52AM
Who's Grover Norquist?
Alej| 7.18.12 @ 9:38AM
A patriot with about twice your demonstrated IQ.
Truth to Power| 7.18.12 @ 10:02AM
San Bernardino needs both Jack and RCV to help with garbage pickup. This is what inevitably happens to incompetent tax and spend governments. One moment they are talking bullet trains and green energy and the next you can't get your garbage picked up. Forward to Greece and maybe Detroit if we are unlucky.
Kwan| 7.18.12 @ 10:27AM
Hey yeah right. Obama has to strip the population of their wealth and the gold in their teeth. Whadaya think fundamental transformation is cheap? Come on Norquist get with the program. If you don't want to live in the People's Republic of Zimbabwe that Obama is trying to convert us into then take a hike.
Brookschwarzenegro | 7.18.12 @ 6:58PM
Norquist is a libertopian.
Oldefarte| 7.18.12 @ 9:44PM
You wouldn't know him, since he's an American conservative and is what's descriptive of many in this country who somehow over the last four years of enslavement from this socialistic regime that conquered this country on 11/4/08 manage to earn INCOME and pay TAXES that completely fund our government's operations. He isn't a WELFARE RECIPIENT who fathers multiple chilluns and then runs to the nearest hospital ER to obtain his meidcal '''''rights''''; then returns home to his AFFORDABLE HOUSE that his Uncle Sam paid for, so that he can eats up on his vitals purchased with food stamps. Grover is whats known as a anit-Democrat or one of them there RICH DUDES WITH ''''INCOME''''''!!!!
C'mon Man!| 7.18.12 @ 8:11AM
Conservatives aren't asking, they are thanking him. You liberals are unhappy he exists.
Don't confuse Republican with Conservative, these days there is a big difference.
Pecos Pete| 7.18.12 @ 8:12AM
What's left to tax after the Democrats have taxed 100% of all income? Wealth. It is not fair that the rich have yachts and mansions and land and airplanes and diamond watches, etc. Nationalize all property and turn it over to the National Park
Service. Or the TSA. Jack and RCV and Violet and vtwin and others of their stupidity will be ecstatic. These people would prefer to live in North Korea where everyone is equal.
TLP| 7.18.12 @ 9:18AM
I scratch my head, when I hear these people BEGGING Obama to Enslave them.
"Please. Tell me what you want. Tell me what I can do to help you create a State, Big enough, and Powerful enough, to Control every aspect of my Life, from the Day I'm Born, until the day I DIE, because I was deemed Too Old to get the life saving Procedures and Medicines, by that very same STATE.
What do yo want me to do?"
Is there a SHRINK, in the House?
Mimi | 7.18.12 @ 9:44AM
NO....But we should get one assigned to the White House!
Gary B| 7.18.12 @ 2:02PM
Good question because liberalism is a mental disorder.
Alej| 7.18.12 @ 9:39AM
Remember "Ninety-five percent of Americans are going to get a tax cut?"
Alej| 7.18.12 @ 9:41AM
http://english.pravda.ru/opini.....sia_usa-0/
A Russian understands that half of America, while not calling itself Marxist, has fallen, hook, line and sinker, for Marxism.
Mimi | 7.18.12 @ 9:53AM
Grover....If there is ever granted a "HERO" list ...you get TOP DOG status , for those who helped get this country through the OBAMA years, probably the most perilous journey this nation endured...with our VERY FREEDOM, economical, and founding principles at stake.
Your COURAGE is appreciated.
MK48| 7.18.12 @ 9:55AM
The guy that cuts my hair is from Russia he came here over 15 yrs. ago......the other day he told me he is thinking of moving back.
paintbrush| 7.18.12 @ 9:56AM
Look, even any open minded Obama kool aid drinking liberal would have an a priori preference that our government should not consume most of the GDP.....and most non-ideologues in the sovereign-debt markets think the same way for good reason. If Obama's and Congress’s objective was to grow small business or business and help the economy rather than waterboard it in general, they would not have done one policy item that’s been done.
cicero| 7.18.12 @ 1:05PM
I am amused by the way we now discuss tax increases as being able to collect "only" tens or hundreds of billions of dollars. Those amounts are inconcievable anywhere else in the universe except the United States' treasury and congress. We have allowwed ourselves to be trapped in a rut that talks only about taxes. The real problem is SPENDING. We have allowedd Washington to get away with operating without a budget for almost an entire presedential term. Without a budget, there is no way to conrol spending.
We need to frame thee argument, not let the progressives do it.
Purp| 7.18.12 @ 1:20PM
Scare, scare, scare. Who the H**L is Grover G Norquist? Some dweeb that everyone should bow down to? I don't think so...
JD| 7.18.12 @ 4:18PM
Talk about an evasive response. Democrats invented the politics of fear, and they use it every day, mostly to avoid addressing points they don't like.
Oldefarte| 7.18.12 @ 9:47PM
You wouldn't know him, since he's an American conservative and is what's descriptive of many in this country who somehow over the last four years of enslavement from this socialistic regime that conquered this country on 11/4/08 manage to earn INCOME and pay TAXES that completely fund our government's operations. He isn't a WELFARE RECIPIENT who fathers multiple chilluns and then runs to the nearest hospital ER to obtain his meidcal '''''rights''''; then returns home to his AFFORDABLE HOUSE that his Uncle Sam paid for, so that he can eats up on his vitals purchased with food stamps. Grover is whats known as a anit-Democrat or one of them there RICH DUDES WITH ''''INCOME''''''!!!!
DonaldYoungsRevenge| 7.18.12 @ 4:09PM
I would like to know when Grover is going to begin to organize the Tea Party to have a "resignation party" for Barack Hussein Obama. It was all over DRUDGE, The Blaze, POLITICO, American Thinker, etc that Barack Hussein Obama has been flaunting a computer generated forged birth record, the April 27th, 2011 document. When is Gorover going to nail this corruption to the doors of those Congressmen/women he has a relationship with so that we can end this nightmare before the Democrats go to Charlotte. Lets make Joe Biden the guy looking for a running mate. The media has finally broke the story, jump on it Grover.
Houdini| 7.18.12 @ 5:40PM
Grover, with the re-election of BHO we will be lucky to reach down to Europe's level, odds are, it will be a death spiral. It will mean the end of this country as we have known it, and the potential for a repeat of 1861-65. We as a people should be ashamed of what we're doing to our children and grandchildren.
ElGordo| 7.18.12 @ 10:47PM
ObamaCare as a TAX is a winning issue. (Also as a Job Killer )
Forget Blaming Justice Roberts.
What Is Is !!
Romney and ALL the Republicans running for the HOUSE & SENATE must use it.
Use the video clips of Obama calling it a tax.
Use the voice clips of Obama's Solicitor General Lawyer stating in the Supreme Court that it is a tax.
Have a sketch or photoshop photo of Obama's lawyer before the Supreme Court Justices as the visual for the voice clip of his arguing that it is a tax.
List who in the middle class will pay these taxes.
Also point out that a disproportionate tax will be levied on those 30 & under, who need ObamaCare the least.
Alert those over 65 that $ 500 Billion is being taken out of Medicare to subsidize ObamaCare.
Have a picture of Obama with his nose growing, like Pinocchio, for background
The Republicans running against an incumbant Democrat Senator must remind the voters that his opponent's vote was the deciding vote to pass ObamaCare.
Finally, explain how ObamaCare is a Job Killer
jdmeth| 8.8.12 @ 10:37AM
The Dems fight every tax cut but the Republicans never fight to cut spending. Either way the debt grows and grows.