Taxes

It's not all on Mitch McConnell to get tax reform done, anti-tax activist Grover Norquist says

Key Points
  • The White House, Steven Mnuchin and Gary Cohn want a pro-growth deal, Grover Norquist says.
  • They also want a Republican landslide in the 2018 elections, he adds.
  • Trump has suggested that McConnell should resign if he can't successfully push through the White House's agenda, including tax reform.
Grover Norquist: Here's how to get to 15% tax rate
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Grover Norquist: Here's how to get to 15% tax rate

It's completely irrelevant whether or not Senate Majority Leader Mitch McConnell works hard on getting tax reform passed, anti-tax crusader Grover Norquist told CNBC Wednesday.

"You have three players around the table: The White House, (Steven) Mnuchin, and (Gary) Cohn. They want 15 percent, they want a pro-growth deal, they want a Republican landslide," Norquist said on "Squawk Box."

U.S. National Economic Director Gary Cohn (L) and Treasury Secretary Steven Mnuchin unveil the Trump administration's tax reform proposal in the White House briefing room in Washington, U.S, April 26, 2017.
Carlos Barria | Reuters

"You have the House and the Senate that wants the same thing because they're all running for election in the House in 2018 and a third of them in the Senate. This is the centerpiece, here's what we did."

President Donald Trump has suggested that McConnell should resign if he can't successfully push through the White House's agenda, including tax reform and a "great" infrastructure bill.

On Tuesday, The New York Times reported that Trump and McConnell haven't spoken to each other in weeks, and that their relationship has been conspicuously tense after Trump blamed McConnell for the GOP's health-care failure.

Stocks surged Tuesday after a Politico article said Trump's top aides and Republican congressional leaders have made strides in shaping a major tax overhaul and have "broad consensus" on ways to cut corporate and individual tax rates.

Trump has said the bill could be the "biggest tax cut" in American history.

Norquist, founder and president of Americans for Tax Reform, said the Trump administration's goal of a 15 percent corporate tax rate is possible. He said the White House could run into a few obstacles with the bill.

"There are some limits on how much you can cut taxes for what period," he said. "Some of these tax cuts would be temporary. You can have any tax cuts you want for 10 years under the Senate rules. ... But then in year 11, some or much of it would disappear."

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