When Rudy Giuliani does something that makes Shaun Kenney give him credit, its got to be good (Come on, Shaun. Come on . . . ). This, friends, is why I switched my support from Fred Thompson to Rudy Giuliani. Rudy's record as mayor is superior and his focus on growth and tax cuts is unmatched. This is by far the best plan out there, and unlike Minister Mike's Fair Tax, this has a chance of actually coming to fruition. Think about it, Steve Forbes could become Secretary of Treasury, and his handprints are all over this:
Giuliani’s tax plan makes all the Bush tax cuts permanent, including full repeal of the death tax. It indexes the alternative minimum tax (AMT) to inflation, and eventually repeals it. It reduces the corporate income tax from today’s 35 percent, the second-highest in the developed world, to 25 percent, more in line with our European competitors. It slashes the capital gains and qualified dividends tax rate from 15 percent to 10 percent (and indexes capital assets to inflation), which will boost the value of every American’s 401(k) and IRA. It replaces the current hodgepodge of dozens of tax-advantaged savings accounts with a simplified system of Retirement Savings Accounts and Lifetime Savings Accounts. It gives all Americans the ability to purchase health insurance pre-tax through a health care standard deduction.
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In addition, the Giuliani tax cut plan creates an alternate “Fair And Simple Tax (FAST)” system that American families and small businesses could choose to go into each year, with a three-bracket structure, a 30 percent top rate, and only the most popular deductions in place.
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In addition to his tax cut proposal, Giuliani has committed in writing to the American people to oppose and veto all tax increases. This pledge has also been adopted by every other Republican presidential candidate except John McCain and Fred Thompson. It hasn’t been adopted by any Democrat presidential hopeful.
Everyone wants to paint Rudy as some liberal in conservative sheep's clothing. And I will be the first to admit he's not where I want him to be on life issues, but he's promised to appoint orginialist judges and he has the backing of most of the Federalist Society. I am actually suprised that Fred Thompson hasn't taken the no-tax pledge, considering how conservative he is. Huh.
After reading this plan, who's the real conservative now?