- otus
- July 13, 2012
AC
Former President George H.W. Bush, who famously said " Read my lips: no new taxes" at the 1988 Republican National Convention before going on to raise taxes during his presidency, does not think highly of pledges that keep lawmakers from hiking rates. In a forthcoming interview with PARADE Magazine, the elder Bush knocks American Tax Reform President Grover Norquist, whose organization has convinced hundreds of policymakers and candidates to sign a pledge promising never to raise rates. From the magazine: During your presidency you gave in on your "no new taxes" pledge. You've been vindicated in many respects for that decision. I wonder how you view the "no new tax" pledge from Grover Norquist that seems to be requisite for GOP political candidates. GB: The rigidity of those pledges is something I don't like. The circumstances change and you can't be wedded to some formula by Grover Norquist. It's—who the hell is Grover Norquist, anyway? ...