Monday, May 9, 2016

Drive-by-media keep accusing Trump of flipping on tax increases, but Grover Norquist is having none of it

Reported here:

Anti-tax crusader Grover Norquist, who has backed Donald Trump's promised across-the-board tax cut, endorsed the plan Monday even though Trump now says some of the wealthiest Americans will be paying a bit more.

"Some people who organize their lives around tax credits and tax deductions might see some increase," Norquist told CNBC's "Squawk Box" a day after the presumptive GOP presidential nominee doubled-down on comments he made on CNBC last week. ... "Because Trump takes the top personal rate from 39.6 percent to 25 percent and the corporate rate from 35 percent to 15 percent, there is no way anyone would see an actual tax increase," Norquist said in a statement emailed to CNBC after the interview. "Trump's tax cut would be a tax cut for every American," he added.