Grover Norquist: Bush Tax Cut Expiration Will Cost Taxpayers $1 Trillion

July 15, 2010 06:32

Low-tax crusader and Republican strategist Grover Norquist tells Newsmax that letting the Bush tax cuts expire in January 2011 would amount to a $1 trillion tax increase — the largest boost in American history. Obama lied about his tax pledge.

Norquist — president of Americans for Tax Reform — also warns that President Barack Obama and the Democrats are intent on pursuing the “very bad idea” of imposing a European-style value-added tax.

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