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Grover Norquist Is Okay With Allowing The Bush Tax Cuts To Expire

WITH A HANDFUL of exceptions, every Republican member of Congress has signed a pledge against increasing taxes. Would allowing the Bush tax cuts to expire as scheduled in 2012 violate this vow? We posed this question to Grover Norquist, its author and enforcer,and his answer was both surprising and encouraging: No.

In other words, according to Mr. Norquist’s interpretation of the Americans for Tax Reform pledge, lawmakers have the technical leeway to bring in as much as $4 trillion in new tax revenue — the cost of extending President George W. Bush’s tax cuts for another decade — without being accused of breaking their promise. “Not continuing a tax cut is not technically a tax increase,” Mr. Norquist told us. So it doesn’t violate the pledge? “We wouldn’t hold it that way,” he said.

 Of course, letting the tax cuts expire is decidedly not Mr. Norquist’s preference. Indeed, as a matter of policy, he is passionately opposed to a single dime in new tax revenue. But the fact that Mr. Norquist interprets his own pledge to permit such conduct suggests that Republican lawmakers who have been browbeaten into abjuring any tax increase, at any time, for any reason, may not be as boxed in as they believe. The official Republican line has been that allowing the Bush tax cuts to expire, even for those earning more than $250,000, would be a job-killing tax increase. The fact that the godfather of the pledge does not interpret the lapse as an increase is significant.

[The Washington Post]
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Politics

President Obama Wants to End The Bush Tax Cuts on The Wealthy This Year

President Obama wants to end the George W. Bush tax cuts for the wealthy when they expire this year, aides said today.

“He will not support extension of the upper income Bush tax cuts,” said White House press secretary Jay Carney.

“He could not be more clear,” Carney added.

The comments came as former president Bill Clinton and others suggest that a temporary extension of all the Bush tax cuts may be necessary so that Congress can work out a long-term deal to reduce the federal debt.

The Bush tax cuts expire at the end of the year, but no action is expected before the Nov. 6 election.

[USA Today]

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