There are a lot of reasons House Republicans don't want to see any kind of tax increase in a deal to raise the debt limit, but one of them is that they've signed a popular pledge pushed by Americans for Tax Reform's Grover Norquist vowing to never raises taxes, ever. But the powerful Norquist gave an interview to The Washington Post Thursday in which he appeared to give the GOP an out, saying, "Not continuing a tax cut is not technically a tax increase." And what cuts' expiration happens to be on the horizon? The $4 trillion Bush tax cuts. If lawmakers let them die, Norquist says they wouldn't be considered pledge violators. Could this be an opening in debt negotiations?
According to the Democratic aide, the plan in the works would include some promise of tax reform in 2012 and would set a target for when that needs to be done. If the target were not met, then the Bush tax cuts would expire for those making over $250,000 per year.
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