Episode Transcript
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Speaker 1 (00:00):
Six, twenty two, Our time here in Houston's Morning News.
All right, the Trump tax cuts from twenty seventeen. Congress
will take its sweet time, as they always do, but
I think it's likely that they will make those tax
cuts permanent, or at very at least extend them, hopefully
make them permanent. Joining us is Grover Norquiz, President for
Americans for Tax Reform. What do you think Congress will do?
Speaker 2 (00:21):
Congress is going to make the Trump tax cuts permanent.
All of the tax cuts across the board, income tax cuts,
the doubling of the per child tax credit, the doubling
of the standard deduction, expensing for new business investment to
help create new jobs and make people more productive so
they can have higher pay. Those will be extended, not
(00:41):
ten years or five years, but permanently, because they are
working off of present policy, not present law, which means
you don't quote unquote have to pay for them with
other tax increases into the future. Huge big deal is
five to ten years. We've had to come and say,
oh no, all the tax cuts are disappearing. And then
(01:02):
if the Democrats had the presidency or either house state,
say well, be ashamed if anything happened to or their
tax cut cuts will have to demand some spending and
left tax cuts as part of the deal, and we've
had to make that deal. No more deals. We're going
to make these tax cuts permanent.
Speaker 1 (01:19):
President Trump has made it pretty clear that he's not
a big fan of the income tax. He cited history.
Woodrow Wilson was the president that gave us the income tax.
We didn't have one before. Then we survived on tariffs.
I don't know that we can still survive on tariffs.
But your thoughts on whether or not you think that
President Trump is serious about doing something about getting rid of,
or at least substantially lowering the income tax.
Speaker 2 (01:41):
We can and should substantially lower the income tax. We
know that when we cut the rate the top rates
about thirty seven percent when it was at twenty and
you know when we were at twenty seven percent, we're
getting more money out out of it. High tax rates
damage your ability to raise money. So there's a lot
of lot you can do in cutting rates down without
actually losing revenue, but rather gaining revenue, as we did
(02:03):
with the corporate contax. We make we're raising more money
on the corporate income tax with a twenty one percent
rate than we ever planned to with the thirty seven
with thirty five percent rate, So there's much to be done.
What we should look to do is what states have done.
There are twelve states that are facing their income tax out.
They're not replacing it with a sales tax or something else.
They're saying, instead, when revenue comes in, instead of spending
(02:27):
it above a certain level, we take a permanent tax cutdown.
They are spending less, and as they spend less, they're
cutting the income tax down. North Carolina's taken theirs down
by about half, so has Iowa. Our friends in Mississippi
and Louisiana have both voted to phase their income taxed
down over the ten to twelve years to zero by
(02:48):
spending restraint.
Speaker 1 (02:50):
Well, and that's what dose is all about, right, you know,
to get rid of the waste, get rid of the fraud,
get rid of the things that we don't need. I
guess how successful we are with those will determine how
much of an income text got we can have.
Speaker 2 (03:03):
If you drop the number of federal workers by eighteen percent,
it's about four hundred thousand. That's a trillion dollars a
decade less spending, and we did that once before in
the nineties. I didn't notice any problems. We do need
to reduce the number of government workers. The Pentagon's got
seven hundred thousand. According to the Pentagon themselves, they only
(03:27):
need five hundred thousand. That's halfway there. There's a lot
of savings to be made by down by reducing numbers,
and we keep and the government itself, says Brad's about
fifteen to twenty percent of many of the major programs. Well,
how about you know, checking to see whether people getting
those checks are getting more than one, whether they're still alive,
(03:47):
whether they're citizens. And every time the DOE started to look,
the other team acted like they were cheaping. No, you're
not allowed to look.
Speaker 1 (03:54):
Why Why because they don't want you to see. That's why,
Grover part.
Speaker 2 (03:59):
It's embarrassing that they haven't fixed this before.
Speaker 1 (04:02):
Yeah, it is embarrassing. Grover Norquist, thank you so appreciate
the President of Americans for Tax Reform Grover Norquist at
six twenty six
Six, twenty two, Our time here in Houston's Morning News.
All right, the Trump tax cuts from twenty seventeen. Congress
will take its sweet time, as they always do, but
I think it's likely that they will make those tax
cuts permanent, or at very at least extend them, hopefully
make them permanent. Joining us is Grover Norquiz, President for
Americans for Tax Reform. What do you think Congress will do?
Speaker 2 (00:21):
Congress is going to make the Trump tax cuts permanent.
All of the tax cuts across the board, income tax cuts,
the doubling of the per child tax credit, the doubling
of the standard deduction, expensing for new business investment to
help create new jobs and make people more productive so
they can have higher pay. Those will be extended, not
(00:41):
ten years or five years, but permanently, because they are
working off of present policy, not present law, which means
you don't quote unquote have to pay for them with
other tax increases into the future. Huge big deal is
five to ten years. We've had to come and say,
oh no, all the tax cuts are disappearing. And then
(01:02):
if the Democrats had the presidency or either house state,
say well, be ashamed if anything happened to or their
tax cut cuts will have to demand some spending and
left tax cuts as part of the deal, and we've
had to make that deal. No more deals. We're going
to make these tax cuts permanent.
Speaker 1 (01:19):
President Trump has made it pretty clear that he's not
a big fan of the income tax. He cited history.
Woodrow Wilson was the president that gave us the income tax.
We didn't have one before. Then we survived on tariffs.
I don't know that we can still survive on tariffs.
But your thoughts on whether or not you think that
President Trump is serious about doing something about getting rid of,
or at least substantially lowering the income tax.
Speaker 2 (01:41):
We can and should substantially lower the income tax. We
know that when we cut the rate the top rates
about thirty seven percent when it was at twenty and
you know when we were at twenty seven percent, we're
getting more money out out of it. High tax rates
damage your ability to raise money. So there's a lot
of lot you can do in cutting rates down without
actually losing revenue, but rather gaining revenue, as we did
(02:03):
with the corporate contax. We make we're raising more money
on the corporate income tax with a twenty one percent
rate than we ever planned to with the thirty seven
with thirty five percent rate, So there's much to be done.
What we should look to do is what states have done.
There are twelve states that are facing their income tax out.
They're not replacing it with a sales tax or something else.
They're saying, instead, when revenue comes in, instead of spending
(02:27):
it above a certain level, we take a permanent tax cutdown.
They are spending less, and as they spend less, they're
cutting the income tax down. North Carolina's taken theirs down
by about half, so has Iowa. Our friends in Mississippi
and Louisiana have both voted to phase their income taxed
down over the ten to twelve years to zero by
(02:48):
spending restraint.
Speaker 1 (02:50):
Well, and that's what dose is all about, right, you know,
to get rid of the waste, get rid of the fraud,
get rid of the things that we don't need. I
guess how successful we are with those will determine how
much of an income text got we can have.
Speaker 2 (03:03):
If you drop the number of federal workers by eighteen percent,
it's about four hundred thousand. That's a trillion dollars a
decade less spending, and we did that once before in
the nineties. I didn't notice any problems. We do need
to reduce the number of government workers. The Pentagon's got
seven hundred thousand. According to the Pentagon themselves, they only
(03:27):
need five hundred thousand. That's halfway there. There's a lot
of savings to be made by down by reducing numbers,
and we keep and the government itself, says Brad's about
fifteen to twenty percent of many of the major programs. Well,
how about you know, checking to see whether people getting
those checks are getting more than one, whether they're still alive,
(03:47):
whether they're citizens. And every time the DOE started to look,
the other team acted like they were cheaping. No, you're
not allowed to look.
Speaker 1 (03:54):
Why Why because they don't want you to see. That's why,
Grover part.
Speaker 2 (03:59):
It's embarrassing that they haven't fixed this before.
Speaker 1 (04:02):
Yeah, it is embarrassing. Grover Norquist, thank you so appreciate
the President of Americans for Tax Reform Grover Norquist at
six twenty six
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