Raising Taxes Isn’t Compromise: Norquist
As the “fiscal cliff” of tax hikes and spending cuts draws closer, anti-tax crusader Grover Norquist repeated his call on CNBC’s “Closing Bell”for spending cuts instead of tax increases to deal with the country’s fiscal problems.
“If you put tax increases on the table, there’s never any spending restraint,” Norquist said, citing examples where taxes went up under previous administrations but spending continued unfettered.
“All Obama has done for the last four years is clamor for higher taxes to spend more money,” the president of Americans for Tax Reform told CNBC. “The only time we’ve beat him back on spending at all was during the debt-ceiling crisis.”
Norquist said Obama was “willing to save $1 trillion by not occupying Iraq for the next decade. He wanted to count that like not continuing the War of 1812 was his budget cut.”