Fiscal Responsibility

GOP Members Finally Admit Grover's Tax Pledge May Be Bad For Business

In case you missed it in the hustle and bustle last week, Politico goes inside the House GOP Caucus and finds a number of Republican members who are finally ready to admit that revenues are necessary if we’re going to seriously address the deficit, and are rejecting Grover Norquist’s tax pledge.

From the Politico article:

“Grover’s grip may be loosening.”

“A small but increasingly vocal group of freshman Republicans are publicly rejecting the idea they are beholden to Grover Norquist’s Americans for Tax Reform pledge for their entire congressional careers.”

“One such member, Scott Rigell of Virginia, has openly rejected the pledge, explaining on his website that it would prevent Congress in some cases from eliminating corporate loopholes or government subsidies because those changes would have to be revenue-neutral. The math, he said, just doesn’t make sense.”

“And Reid Ribble (R-Wis.) told the Los Angeles Times he wouldn’t be signing the pledge again — or any pledge for that matter — not because he wants to raise taxes but because he wants to close certain loopholes to help pay down the deficit.”

Trying to solve our deficit problems entirely on the spending side and not on the revenue side? Indeed, that math doesn’t make sense.

By standing up to the Grover Norquists of the world, let’s hope this means Republicans are finally willing to work with Democrats on a balanced deficit reduction plan that closes tax loopholes and asks millionaires to pay their fair share, instead of putting the burden solely on seniors, children, and the most vulnerable.