Rudy outlined his position on taxes recently. Looks like more of the same to me.
The cornerstone of Giuliani’s campaign has been tax cuts, greater freedom over spending and less government. He said Americans would face a $3 trillion tax increase over the next decade unless Bush’s tax cuts are made permanent.
Giuliani also advocated a permanent child tax credit and lower marginal tax rates. He wants to tie marginal tax rates to the current levels and perhaps cut the rates further. He favors linking the alternative minimum tax to the rate of inflation, which Giuliani said would stop tax increases on 30 million people by 2010.
This tax originally was designed to make sure that the wealthiest could not use tax breaks or deductions to eliminate their entire tax liability. It is not adjusted for inflation.
Inflation and recent tax cuts push more and more taxpayers into the grasp of the minimum tax each year, depriving about 4 million tax filers from taking full advantage of various deductions and tax credits.
Giuliani told his audience that he is the best option to help them have more control over their own money. As part of his standard stump speech, Giuliani routinely reminds voters he cut taxes 23 times.
Pardon me, Rudy. I like lower taxes and agree they are a great thing for the economy. I agree that Bush’s tax cuts have done wonders to increase tax revenue. And I know I never ran a city or anything like that, but perhaps you could explain to me how I could have “more control over (my) money” than this:
The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue replacement, and, through companion legislation, the repeal of the 16th Amendment. This nonpartisan legislation (HR 25/S 1025) abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax — administered primarily by existing state sales tax authorities. The IRS is disbanded and defunded. The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system. (emphasis mine)
I’m having a hard time seeing your position as the better alternative.
As of right now, Mike Huckabee is the only candidate to endorse the FairTax. Not even Ron Paul is on board with it. Fred Thompson says he likes it, but you are not running yet, are you Fred? In the spirit of the Soup Nazi, “NO PROPS FOR YOU!”
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