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Grover Norquist Has a Solution to Warren Buffett’s Problem

Posted on January 27, 2012 by Caleb Newquist

RELATED: I'm starting to think that ol' Grover is purposely spelling the Oracle's surname incorrectly. 

[@GroverNorquist, Earlier, Earlier]

Posted in TaxTagged Barack Obama, Grover Norquist, secretaries, Tax cuts, tax rates, Taxes, Warren Buffett, Warren Buffett's secretary

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Next: Accounting News Roundup: MF Global Money “Vaporized”; Record Fraud in UK; Impeach Obama If Bush Tax Cuts Expire? | 01.30.12

Related Posts

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Alleged Gunman Hates Taxes, Loves Pizza Hut

  • Caleb Newquist
  • December 24, 2009

We thought that Glenn Beck had flipped his lid again but unfortch, it’s just some other person complaining about taxes:

A daylong hostage standoff ended late Wednesday when an armed, disabled man wheeled himself out of a post office in Wytheville, Virginia, and was taken into custody, police said.
The alleged gunman, identified by police as Warren “Gator” Taylor, 53, of Sullivan County, Tennessee, surrendered in a wheelchair, said Wythe County Sherrif’s Office Chief Deputy Keith Dunagan. All three hostages walked out without injury.
…
He asked for a pizza but made no other demands, [the police] said. He seemed neither angry nor disgruntled but did utter complaints about government and taxes…When the supreme pizza that police ordered was more than half an hour late, Taylor joked that Pizza Hut promises delivery in less than half an hour or the food is free.

Gunman surrenders in hostage ordeal at Virginia post office [CNN]

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REG Changes Are Coming Right After Santa; Here’s What CPA Exam Candidates Need to Know

  • Stephanie Ng
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Do you remember December 2017? You know, back when “The Last Jedi” premiered (RIP, Carrie […]

  • Tax

GOP Congressman: All Tax Cuts Are Good But Some Are Gooder Than Others

  • Caleb Newquist
  • August 22, 2011

The Associated Press is reporting that some Republican Members of Congress are fighting their natural inclination to extend all tax cuts to infinity. The tax cut at risk of expiration is employees’ share of the social security tax of 6.2%. Last year the rate was cut to 4.2% for one year. President Obama would like to extend this cut, while some aren’t so keen on it.

But wait a minute! Doesn’t this go against every fiber of Republican orthodoxy? Won’t Ronald Reagan be spinning in is his grave? Did Grover Norquist’s marching orders get lost in the mail?

Republicans say no, as this position is “consistent with their goal of long-term tax policies that will spur employment and lend greater certainty to the economy.”

Okie dokie, then. But if that’s the case, it’s a little strange to discover that House Speaker John Boehner hasn’t made up his mind on whether to extend this tax cut (or put another way “raise taxes”). Perhaps, that’s because he’s already said that tax hikes are off the table. So what gives?

Fortunately, we have Texas Representative Jeb Hensarling to explain it to us:

“It’s always a net positive to let taxpayers keep more of what they earn,” says Rep. Jeb Hensarling, “but not all tax relief is created equal for the purposes of helping to get the economy moving again.”

So wait…not all tax cuts are effective at “getting the economy moving”? Is that what he’s saying? Or is this simply an Animal Farm approach to tax policy? Grover needs to get involved ASAP so everyone can get on the same page. The troops seem confused.

GOP may OK tax increase that Obama hopes to block [AP via BI]

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