I read that earlier. I agree with most of what Praeger says...we’ll know soon. Rudy’s chance to break out will be in Thursday’s debate. He’ll have to do better than his previous outings, and I think he will.
Assuming Huck is out, McCain is my least favorite.
So I’m torn between Mitt and Rudy. I like both, Rudy for his scrappiness, Mitt for his down-to-earthedness. I relish the idea of a President Guilliani taking on the WH press corps AND the bureaucracy. I’d be happy with either one. Florida should help me sort out which one gets my nod on Super Tuesday.
I just don’t trust the base anymore, as evidenced by the growth of government for the last 30 years, and I worry about MR ability to resit that same path, not so much with RG tho, going on his record of battling bureaucracies, good tax plan too, but its probably moot now.
Club for Growth PAC Praises Giuliani’s Bold Tax Cut Plan
Washington – Club for Growth President Pat Toomey praised Mayor Rudy Giuliani’s new comprehensive tax reform and reduction plan, unveiled today in Florida, calling it “a bold and innovative proposal that will reward hard work, encourage investment, and promote economic growth for Americans across the economic spectrum.”
The Giuliani tax cut plan would extend the 2001 and 2003 tax cuts immediately; eliminate the Death Tax completely; lower the capital gains and dividends tax rate to 10% and index capital gains to inflation; lower the corporate tax rate from 35% to 25%; and permanently index the Alternative Minimum Tax to inflation with a plan for eventual elimination.
The Giuliani tax cut plan also contains a particularly bold pro-growth tax simplification strategy that would give taxpayers the option of opting into a simple tax plan in which their taxes could be done on one page. Instead of the current tax behemoth, the voluntary tax plan would constitute across the board cuts in marginal tax rates by proposing three simple rates of 10%, 15%, and 30%.
“Giuliani’s tax cut plan will encourage capital formation, and capital is the key driver of productivity, higher wages, and a better standard of living for all Americans,” Mr. Toomey continued. “He does that by not only lowering the capital gains and dividends rates, but also by indexing capital gains to inflation. Also, the Mayor’s plan dramatically lowers marginal tax rates at the personal and corporate level, which will encourage a significant burst of economic activity and growth.”
“The current U.S. tax code is a monstrosity of inefficiency and deterrence, with some of the highest corporate tax rates in the developed world and a tax code that totals more than 66,000 pages. Mayor Giuliani’s tax cut proposal today would dramatically move the American tax code and economy in the right direction. This is exactly the kind of plan economic conservatives should embrace.”
PAID FOR BY CLUB FOR GROWTH PAC AND NOT AUTHORIZED BY ANY CANDIDATE OR CANDIDATE’S COMMITTEE. 202-955-5500.
Americans For Tax Reform: Rudy Giuliani Tax Cut Plan: The Biggest In History And Most Pro-Growth In GOP Presidential Field
Plan would cut the capital gains tax, slash the corporate income tax, and create a simplified alternate tax system for families and small businesses
January 9, 2008
WASHINGTON, DC – Former New York Mayor Rudy Giuliani today released a pro-growth tax cut package. This multi-trillion dollar tax cut would easily exceed the level of the Reagan or Bush tax cuts. This package is the most pro-growth tax cut of any GOP presidential candidate.
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.
“This tax cut—the largest in history—would represent a monumental leap forward for the American taxpayer and the U.S. economy,” said ATR President Grover Norquist. “In particular, cutting the corporate income tax and the capital gains tax is just what is needed to keep us from falling into recession.”
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.
“Most Americans, when given the choice to go into this simplified system, will flock toward it and never switch back,” continued Norquist. “Hong Kong has had an alternate tax system for years and the vast majority of residents use it happily.”
In addition to his tax cut proposal, Giuliani has committed in writing to the American people to oppose and veto all tax increases.
RG also has proposals cutting spending by 10%.