The 60 Second Update with

Grover Norquist

3. Can you explain how allowing the Bush Tax Cuts to elapse is the equivalent of roughly a two trillion dollar tax increase?

The Bush tax cuts are scheduled to lapse on January 1, 2011. That means the death tax will snap up from zero in 2010 to 55% of any savings over one million dollars. The top tax rate for individuals will jump to 39.6%. The tax on dividends will jump from 15% to 39.6% and the tax on capital gains will increase from 15% to 20%. The tax credit for children will drop in half. Over the next ten years this will lead to increased taxes demanded by government of $2.4 trillion.

Question 4. Where do you stand on the Flat Tax vs. Fair Tax debate?

Question 1 / Question 2 / Question 3 / Question 4 / Question 5

Grover Norquist is president of Americans for Tax Reform,a coalition of taxpayer groups, individuals and businesses opposed to higher taxes at
the federal, state and local levels.

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Grover Norquist is president of Americans for Tax Reform, a coalition of taxpayer groups, individuals and businesses opposed to higher taxes at both the federal, state and local levels. ATR organizes the Tax Payer Protection Pledge,which asks all candidates for federal and state office to commit themselves in writing to oppose all tax increases.To date, 172 House members, and 34 Senators have taken the pledge. On the state level, 7 governors and over 1100 state legislators have taken the pledge.

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