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Norquist: Reagan tax hikes OK because ‘he didn’t sign the pledge’

March 14, 2012

Grover Norquist, author of the now famous/infamous no-tax pledge, was gives Republican icon Ronald Reagan a pass on all his tax hikes because, in part, “he didn’t sign the pledge.”

That tidbit was part of the discussion Monday, March 12, night between the president of Americans for Tax Reform and Jon Stewart on Stewart’s Comedy Central program.

Norquist defended his no-tax pledge, signed by most Republican Representatives and Senators, as being successful because it is simple.

Stewart countered that the no-tax pledge is too simplistic and absolutist. He pointed to George W. Bush’s administration, during which there were substantial tax cuts and which saw a budget surplus turn into a budget deficit.

Norquist said the problem with the younger Bush’s presidency was that spending didn’t stop.

So where, asked Stewart, is the stop spending pledge?

The Daily Show host characterized the no-tax pledge as great branding, but not good government policy.

The video clip above is part one of three. Links for the other two tax talk segments are at the end of the video because, Stewart said, his viewers always tell him, “I love your tax policy discussions, but they’re too short.”

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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