“He’s talking about seducing – that the Republicans have been seduced. You talk about ‘impure thoughts. This is not a pornographic debate, Grover,” CNBC host Jim Cramer told the Americans for Tax Reform chief. “I know you don’t want a recession. You don’t want people laid off. You’re going to sacrifice that on the cross of 2 percent. Is that what you want?”
“No,” Norquist replied. “We need to have economic growth instead of higher taxes.” He said that Reagan-era taxation levels would promote growth which would pay down the debt racked up in the last four years.
Cramer replied that the Clinton-era rates, which America will return to in
Both Norquist and CNBC anchor Maria Bartiromo replied that this is simply a different economic and regulatory environment than the 1990s. Norquist specifically cited the president’s health care reform law and the majority of its regulation and increased taxes which were designed to not be fully implemented until 2013-2014.
“We got four bad years of regulation, higher taxes. He wants to add more taxes to that. Tea Party 2 is going to dwarf Tea Party 1 if Obama pushes us off the cliff,” Norquist concluded.
Watch the clip below via NBC:
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