Nobody opposes tax increases quite like Grover Norquist, president of Americans for Tax Reform.
For example, comedian Stephen Colbert recently asked Norquist what he would do if terrorists kidnapped all of our grandmothers and threatened to kill them with fire ants. Their ransom demand? Tax increases on the wealthiest 2 percent of all Americans. Would Norquist give in? "I think we console ourself with the fact that we have pictures," he said.
He was kidding, right? It's hard to tell.
In a more serious vein, Norquist was interviewed on July 13, 2011, by CNN anchor Wolf Blitzer, who also asked Norquist about taxes on wealthy Americans.
"John Paulson, who's a hedge fund manager, he made last year $4.9 billion. Billion with a 'B.' Not million but $4.9 billion. And a big chunk of that income was taxed at 15 percent, not the maximum 35 percent, because it was seen as some sort of capital gains or whatever. Is that fair?" Blitzer asked.
"Well, certainly the Democrats have been arguing to raise the capital gains tax on all Americans. Obama says he wants to do that," Norquist said. "That would slow down economic growth. It's not necessarily helpful to the economy. Every time we've cut the capital gains tax, the economy has grown. Whenever we raise the capital gains tax, it's been damaged. It's one of those taxes that most clearly damages economic growth and jobs."