Paul Ryan could be to economics and tax policy what Dick Cheney was to national security — should Republican Mitt Romney win election as president.
That’s how Grover Norquist, president of Americans for Tax Reform, sees it.
“I think that he would certainly have a large footprint,” Norquist said in an interview on Bloomberg Television’s “Political Capital With Al Hunt” airing this weekend.
Norquist, known for a no-new-taxes pledge signed by many Republicans — including Ryan — predicted that as president Romney would push through a comprehensive tax-code overhaul based on elements of Ryan’s budget plan “with the rough edges taken off and changes here and there.”
Norquist said such a measure would be similar to the tax-cut package enacted in 1981 by President Ronald Reagan based on a proposal put forth by then-Representative Jack Kemp of New York and then-Senator William Roth of Delaware, both Republicans. Reagan endorsed the Kemp-Roth plan during his 1980 presidential campaign.
If Romney ousts President Barack Obama in the Nov. 6 election, his administration and Congress early in 2013 will strike a long-term deficit reduction deal that doesn’t include a net revenue increase, Norquist predicted.
“It’ll look like the Ryan plan,” he said. “It will not have a tax increase in it.”
See the full report on Al Hunt’s interview with Norquist at Bloomberg News.