Grover Norquist vs. CNBC's Jim Cramer On Tax Hikes
β[Norquist] is talking about seducing, that the Republicans have been seduced β youβre talking about impure thoughts,β Cramer said. βThis is not a pornographic debate, Grover. What this is about is avoiding a recession, which is going to happen. I know you donβt want a recession. You donβt want people laid off. Youβre going to sacrifice that for the cross of two percent? Is that what you want?β
βNo, you have to listen to both what the Republicans are talking about β and again, Iβm supportive of the Republican position, which is we need to have economic growth, not higher taxes,β Norquist replied. βIf we grew at four percent a year instead of two percent a year β Reagan levels instead of Obama levels β for one decade, we would need net $5 trillion in additional revenue. That would pay down the debt that Obama has run up, the Solyndra stimulus dollars.β
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