In a recent interview, Grover Norquist discussed some of the benefits American’s have seen from Trump’s tax cuts while Obama was a complete failure. Norquist is a conservative political activist that regularly advocates for tax reductions and is the founder and president of Americans for Tax Reform, an organization that opposes tax increases. The Republican is also a promoter of the “Taxpayer Protection Pledge,” a pledge signed by lawmakers that oppose the increase of marginal income tax raises for individuals and businesses.
Dating back to 2009 under the Obama-Biden administration Norquist commented that the economy was growing but at an extremely slow pace, especially in terms of jobs and income. Unlike the Trump administration which has proudly boasted some of the lowest levels of unemployment in American history.
“It was the weakest economy in growth, the weakest recovery since World War II,” Norquist said.
The tax expert also drew comparisons between the recession seen in the Obama-Biden years and the Great Depression which was also the result of a years-long recession.
“Before that, there was the Great Depression which started as a recession until people like Obama and Biden got in charge and raised taxes, spent more and regulated more and the recession lasted for about 10-15 years,” said Norquist. “So you can make a recession last forever, Biden came close he just had very very weak growth.”
Norquist then cited the stark contrast seen in the economy as soon as the Trump tax cuts began to be mentioned. The stock market began to rise and investments started flowing back into the United States.
“What the Trump tax cuts did was they brought more investments into the United States, companies stopped leaving the United States, people hired more, people gave more raises,” Norquist said. “In the first three years of the Trump administration before COVID hit the average median earner had a $6,000 raise. The absolute middle class got a $6,000 raise in after-tax income. The last 4 years of Obama’s administration did not even come close to that.
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