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Thread: Ooops: Norquist quits interview when asked about his Fannie Mae lobbying

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    Cigar's Avatar Banned
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    Cool Ooops: Norquist quits interview when asked about his Fannie Mae lobbying

    Oh Come-On Grover ... Come Back


    During a recent interview, anti-tax crusader Grover Norquist struggled to explain his ties to a pharmaceutical trade group and then “took off” when he was asked about his history lobbying for home loan-backer Fannie Mae, an organization that he now criticizes.

    The Republic Report’s Zaid Jilani and Lee Fang caught up with Norquist at an American Enterprise Institute event last week where they asked him about Republican claims that President Barack Obama’s administration had scuttled increased reimportation of cheaper drugs because of donations from the pharmaceutical industry.

    “That wasn’t a campaign contribution to elect Obama,” Norquist explained. “It was either a bribe, ‘We will give you this money to spend politically through Axelrod and his friends if you do X.’ Or it was extortion.”

    The reporters pressed Norquist on whether there was an “extorting effect” on his organization, Americans for Tax Reform (ATR), after they took $140,000 from industry trade group PhRMA and then opposed drug reimportation.

    Read more: http://www.rawstory.com/rs/2012/06/2...-mae-lobbying/

  2. The Following User Says Thank You to Cigar For This Useful Post:

    waltky (11-09-2012)

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    Is extortion a career field only open to liberals. I realize unions and race-baiters have a huge presence but they don't totally own the field, do they?

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    Poor Cigar. The truth is staring him right in the face and he still can't see it--the ruling elite is a bipartisan font of corruption. It's all about money and control to them. Maybe when he grows up he'll realize the Libertarians are the only ones who understand what needs to be done.

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    Cool

    Norquist blinkin'...

    Norquist: House GOP Can 'Cut a Deal' With Obama on Taxes -- Just No 'Net Increases'
    November 9, 2012 – Americans for Tax Reform (ATR) President Grover Norquist told CNSNews.com that House Republicans can cut a deal with President Obama on tax reform as long as it doesn’t result in a net increase in taxes.
    In a recent interview with Norquist, CNSNews.com Editor-In-Chief Terry Jeffrey asked the tax reform advocate whether House Republicans could make a deal with Obama and not violate ATR’s Taxpayer Protection Pledge: “(I)n your view, the Republicans in the House can cut a tax deal with President Obama -- as long as it’s not a net increase in taxes?” Norquist said: “Yes. Absolutely. Tax reform is a good idea, should be done and hopefully Obama won’t get in the way.” More people working as a result of pro-growth policies, and the federal government taking in more revenue because of economic growth, is not a violation of the Taxpayer Protection Pledge, Norquist says.

    The Taxpayer Protection Pledge is a promise in writing from candidates to their constituents that says that they pledge to not raise taxes. Candidates on both the federal and state level have taken the Pledge. . The Pledge specifically obligates the signer to oppose “any and all efforts to increase the marginal income tax rate for individuals and business” and to “oppose any net reduction or elimination of deductions and credits, unless matched dollar for dollars by further reducing tax rates.”

    When asked what would be and what would not be an acceptable change in the federal tax laws, according to the pledge, Norquist explained: “Sure, if you cut the capital gains tax, that would reduce the disincentive to work, saving and investment. You’d have more economic growth. The government would actually get more revenue.” “Cutting the capital gains tax from 15 to 10 percent would get the government more revenue because more people would be working.

    That’s not a tax increase. That’s a good thing. If you cut marginal tax rates, as Reagan did, and you have more people going to work, therefore paying total higher tax burden in the economy, that’s okay because you didn’t raise taxes. You increased the number of people working,” he continued.

    MORE
    See also:

    Boehner: ‘I Don’t Want to Box Myself In’ On Reducing Deficit
    November 9, 2012 -- Speaker of the House John Boehner (R-Ohio) said he did not “want to box myself in” when talking about lowering the federal budget deficit.
    He also repeated a point he has made over the last two days that it is President Barack Obama’s “opportunity to lead.” Speaking at a Capitol Hill press conference on Friday, a reporter asked Boehner, “You outlined your goal of not having tax rates go up as part of this solution to the fiscal issue in your speech the other day, but you didn’t lay out a deficit goal. The president talked about primary balance by 2017. What is the deficit goal that you have in mind as part of these talks?”

    Boehner said, “Well, clearly the deficit is a drag on our economy and we can’t continue to spend money that we don’t have.” “I don’t want to box myself in, I don’t want to box anybody else in. I think it’s important for us to come to an agreement with the president, but this is his opportunity to lead,” he said.

    The Congressional Budget Office reported on Wednesday that the U.S. government had a deficit of $1.1 trillion in FY 2012, the fourth consecutive year in which the deficit topped $1 trillion. Currently, the U.S. national debt is over $16.2 trillion.

    http://cnsnews.com/news/article/boeh...ducing-deficit
    Last edited by waltky; 11-09-2012 at 06:19 PM.

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