tv Washington Journal Grover Norquist Discusses the Republican Tax Reform Plan CSPAN September 28, 2017 8:08am-8:33am EDT
of film whenever something happens. in a split second you could be there and it does or does not happen. >> hamilton play right lin-manuel miranda accepts the u.s. capital historical society's 2017 freedom award. >> when you are a theater kid you learn to work hard to create something greater than the sum of your parts. you learn to trust your passion and let it lead. i wouldn't be standing here arts without humanities program. without hamilton it is probable few of us would be here either. tv onrin histy c-an3. washington journal continues. host: always good to have grover
norquist with us. we have a major new tax reform plan to sort through. is this a plane you were getting behind? grover: this is what president trump ran on, what the republicans have been organizing for the last two years. there aren't surprises here. this is a dramatically progrowth piece of legislation. this in addition to doing some of that that's everybody's rates and brings down the business tax rate. over the last 20 years the united states had one of the lower taxes, now we have one of the highest. the rest of the world is bringing it down and we did not keep up. we tax at 35%. is 21, 22.erage the communists in china are 25. the canadians have a lower tax than we do.
an american company is more valuable if he gets purchased. just being owned by a canadian or a belgian company makes the for more valuable. $600 billion of american firms have been purchased and it is going to go more if we don't get this passed. this will reverse that flow and make the united states to invest and build in. host: a lot of details to hash the cost of this. i want to get your thoughts. what analysis from the bipartisan committee for responsible federal budget that said this shows the plan would add 2.2 trillion to the deficit over the next decade. grover: when we talk about cost of the bill, it tells you what a callscian or a group that itself bipartisan and leans left
talks about the cost, when we had our taxes cut most americans view that as a pay increase. think allpeople in the money should come in here. if they are not gting t money they are expecting it is a cost. today there are friends of government. when taxes are reduced, it is a cause. no it is not. it is a pay increase. the government says it is a cost to us. host: are you concerned this will add to the deficit and a $20 trillion debt? grover: by doing the opposite of this. one thing we know that doesn't taxes,ramatically raise increase spending. reform no entitlements. the entitlements were soft, with
greater problems in terms of funding. then edit obamacare on top which is in the process of collapsing. the massive spending increase that we live through in the last eight years, and deficit and debt increase were brought to by the policies this tax-cut moves away from. we are going to have a progrowth policy. you want more money from the government, you want to bring down the debt, if you grow at 4% a year, which is the rate reagan grew it at, versus 2% with obama, his recession out 2%. grow at 4% said of 2% for one decade the federal government ends up with $5 in additional
revenue. more people work. millions of americans are out of jobs. the most important part is the tax cut. who wins in a tax cut? the guy who spent eight years without a job. we know when you reduce the tax burden you get more job creation. we live through that in the past. when obama raised taxes we have the weakest recovery in modern history. if you want to bring down the deficit, get economic growth going. host: if you want to talk to grover norquist, colin now. here this morning -- call in now . revealed thatans line we will start with
independents first. caller: my husband and i are not in the high tax bracket. i've got to say that i'm not impressed with the doubling of the standard deduction. thegame is offset by personal exemptions. "come to $2250. eliminatedbracket is my that 225 tax save reduces to $113. lowerso curious, bidding income, what they are going to do on capital gains. there currently is 0% for those of us who take a risk on our investments to get some dividends. i am afraid that might be lost.
i am unsure where that stands or that will put us at 15%. ,gain, big risk on investments don't know if i need to start selling off. oneer: it is important that of the things the tax bill does them of this is outlined, you can be sure they will stay. individual standard deduction goes from $6,000 a year to $12,000. there are four tax brackets. $24,000t one is zero to to know tax on the $4000 of adjusted gross income. rate.ou have a 12% 10% rate goes to zero. all rates go down. every american who pays income taxes will see the marginal tax rate they pay go down. and the taxes they paid earlier
at lower income numbers as well. you asked a specific questions on the deductions for dividends. i am not certain. i don't think that decision has been made. this is a framework. rates are coming down for individuals. most importantly for the 30 million americans who have corporations. that is a little bit goofy and it is going to come down to 25%. that is a significant tax reduction for a lot of people who have been badly damaged, who take that risk to protect their jobs. those are the big items you know are going on. there's going to be a month of hearings in the house and senate. these will be hashed out. i hear you and think i agree
with your concern. i doubt that will be changed. host: when you collapse seven rates into three categories, how do you ensure that some people won't be pushed into a higher rate? we don't know where the lines are going to be drawn. grover: that is not fixed now. the plan is to take everybody's rate down. host: you are always going to going to the lower category? grover: the rates will come down for all americans. host: is that in this framework plan grover:? it is in the framework and it is in the explanation of it. it is in the dna of in the republicans in the house and senate. one of the questions people ask, will there be any democrats for vote -- who vote for a tax reduction.
in support of an an injury attack -- energy tax on poor people. democrats will not be providing any of the votes we need to pass this. they wrote and insulting letter saying we would love to help you on tax reform, but it can't be a tax cut. only three democrats did not sign that in the senate. if you are looking for moderate democrats good luck. it can't be for everybody. the republican position is we are going to cut everyone's taxes. you're going to do it within reconciliation. they spent eight years under obama not cutting taxes. good morning.
questions. in the wall street journal today there was a discussion about doubling the standard reduction but also removing the personal exemptions that may affect people in the lower income, who may end up paying higher taxes than with the new system. question, there seems to be baked into this a 1.5 trillion dollar additional deficit over 10 years, which republicans moving away from the concern about debt which i find disconcerting. cut,r: it will be a tax 1.5 trillion over the next decade. reducing the tax burden on the american people. the goal is to get economic growth, and get more people
employed. if we grow at reagan rates instead of obama there will be 12 million more americans at work today. there are 12 million damaged families because democrats were raising tackett's and regulating. instead of governing in a confident way. that hurt at least 12 million people. we've got to get those people jobs. that is why the tax reduction is so important. the biggest winner in this tax cut, the person who doesn't have a job today who gets one next year. that is what president trump and republicans are focused on doing, and what eight years this government has not been focused on. host: line four republicans, go ahead. of the things i am concerned about, the change where everything is running without a budget.
why can't we sit there and do a budget? there are 4000 lobbyists with her hands in the pod. why can't we get rid of some of these lobbyists and hold senators to the fire? they are able to make millions and us people are out here starving to death. i do agree with the corporate tax cut. grover: if you want to get rid of the lobbyists in d.c., you rentee who the largest seekers are. they have the largest buildings. you can see which industries are special interests benefit from regulations very they can afford to build buildings to house their lobbyists. the best way to keep cockroaches out is to not put a cake and are your sink.
reduce the size and scope of government so government isn't handing out other people's money for free and then the lobbyist will go get real jobs. the size of government is what breeds lobbyists cannot the other way around. criticizingats are this is a giveaway for the wealthy. it cut the highest individual rate, eliminates the estate tax, the alternative minimum tax, and raises the bottom rate for the poorest from 10% to 12%. do you see that as a place where democrats are likely going to be coming out to republicans? grover: the 10% rate went to zero. we brought the other rate down to 12. each of these rates are going down. i have heard the democrats say you have raise the bottom rate from 10 to 12. 15 to 12. 10 to zero.
what they don't want to admit, the same problem they had with attacking the reagan tax cut's. cut.n was a 25% tax are givingt said you them to rich people. we are treating everybody the same. peoplegest kites are for moving into the zero tax bracket. taxcrats always attack reductions for all americans as tax cut's on the rich because that is what they say. they don't have the votes to stop it. they have started aacking the lower tax on past due corporations companies, individual soul partnerships. small businesses. there are 30 million of them.
they have been single should cut taxes on the big corporations. they said they were for it. now they don't want to reduce the tax rates on mom and pop small businesses. democrats are making a phenomenal political mistake. i'm not giving away any secrets. they will go back tomorrow and do it again. that is what they do. they usually don't do it in public on television. you will see tell -- democratic smallrs trashing businessmen saying they don't deserve a lower rate. to new ideas. one was we would do for small business people -- we would treat the more alike.
rate toing the business 15%. one of the key takeaways of this process, this is the first of many annual tax reductions. during the bush years, we had tax cuts. in florida and texas, and indiana, there is a tax cut every year. when you say there is a tax cut i would have liked that was not in there. taxin line for next year's debate. then come back. street, theyon k say i don't like losing a special deal that i got. or i wish i had gotten a larger tax cut. if they help, they can get in line in the future.
if they sit and try and get in the way of tax reform they are back on the line. host: a few minutes left with grover norquist. i keep hearing from republicans tax cut's are such a big job creator. my wife and i worked for two different companies that paid above average wages. we had good benefits. nobodyl have -- complained. both companies close down within several years and moved overseas due to low wages. i would like to answer a question, if eliminating taxes on businesses and the state is a most broke and people are fleeing, how do you explain higher taxes create jobs when they don't? i am talking to a gentleman who used to live in
new york, tax and regulated -- taxed and regulated. i visit jamestown. it is a tragedy to see what they did to furniture factories there. they have destroyed the financial economic base of upstate new york. they haven't help the city much. you moved to florida, a state with no income tax. people leave new york every year and people moved to florida every year. taxes do matter. jobs are created in states that are lower taxed. public is what to do for all-america what florida and texas have done, to reduce taxes to the point where that is what people want to move. jobs move to lower tax positions. there were high taxes in new york and the businesses started
moving. that is why a lot of the auto industry is not in detroit anymore. it is an tennessee and other lower tax states. host: randallstown, maryland. caller: this whole thing sounds just like repackaging a supply side economics. giving the rich tax breaks. with the corporate tax rates, they say they're going to hire and in current growth. i think shareholders are the only ones going to make out with this. that is all i've got to say. grover: i think you just have to look to the history of when we have cut marginal tax rates as we did during the reagan years. 4 million jobs were created.
1 million and october of that year, 2003. we have not seen job creation like that during the obama and years. burden onhe tax businesses and individuals helps economicrowth and create more jobs. we saw masve job creation during the reagan years with an economy, two thirds as large as it is now. it would be more like 6 million in today's numbers. there are more people in the night states and in the labor force. we have tried this you can compare the reagan growth to the obama numbers. they are devastating. one of the reasons why voters were unhappy was because of how poorly the economy was doing. this is the worst. we are in a recovery since six
months in. the worst recovery, least gdp creation. people left the work force during a recovery. labor force fell and remains much too low. we need to get those millions of americans back to work. this is a pro growth, pro-investment, poe job creation tax reform -- pro job creation tax reform. voteill see it in time to in 2018, whether the democrats were right that this doesn't republicansnomy, or and common sense were correct again. host: come back and talk to us in the months ahead. grover: people can follow me on twitter. i will put more information about the tax bill as it goes along. host: next, we will take your calls on the republican tax plan
unveiled yesterday. stay on the line. if you haven't called yet, lines for democrats on your screen. we will be right back. >> c-span, where history unfolds daily. in 79 c-span was created as a public service. it is brought to you today by your cable or satellite provider. >> pretty consistently ranks among the lesser-known presidents. the only thing people remember is his distinctive facial hair. the unexpected president, the life of political
career of chester a arthur. >> he recognized he wasn't qualified for the job. he ended up on the ticket by accident in the was surprised to be there. all of a sudden he is on the threshold of office. >> this is what churchill faced when he came to power in may, 1940. practically from his first day in office he begged franklin roosevelt for help. the president was very aware of the isolationist mood of the country. even though he wanted to help save britain he was cautious. he didn't want to get involved if he could help it. most people in washington were convinced britain would be easily defeated. how could it possibly survive
when no other european country had? albright calls her our areas foremost chronicler. and miss olson's book includes freedoms daughters, those angry days, and last hope island, written -- britain, occupied europe and the turn of the tide of war. we will take your tweets and facebook questions. live from noon to 3:00 eastern on book tv on c-span 2. continues.journal host: 30 minutes before the house of representatives comes in for the day. we will take you there when they gavel in.