Well, certainly the Democrats have been arguing to raise the capital gains tax on all Americans. Obama says he wants to do that. 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.

Obama wants to take the individual small business tax to 44 percent, and the corporate rate - he says - down to 28 percent or whatever. But that really damages the small businesses. And it doesn't make us competitive. You got to take them both down to 20, because state and local corporate taxes are 5 percent.

I run a taxpayer group - the most powerful guy in D.C., nonsense. OK? There are buildings with thousands of people in them, all lobbying for more spending and higher levels of spending and more government commitments. And there are a handful - a handful of groups that fight for less spending.

Grover Norquist Quotes