Tuesday, December 04, 2007

Rudy Giuliani criticizes the "fair tax" plan

Giuliani Assails 'Fair Tax' Plan

By MIKE BAKER – 16 hours ago

GREENSBORO, N.C. (AP) — Republican presidential hopeful Rudy Giuliani criticized the "fair tax" plan that has been touted by rival candidate Mike Huckabee on Monday, saying it could hurt home buyers.

The former New York City mayor cited the struggling U.S. housing market as a reason to avoid the plan, which would eliminate all taxes on income and investments in favor of a hefty federal sales tax.

A questioner asked about the plan but did not mention Huckabee. Nor did Giuliani mention his rival in his response.

"I think there are several tax deductions that are vital to our economy," Giuliani said. "This would not be a good time — I don't know if there would ever be a good time to do this — to advocate ending the home mortgage deduction. The home mortgage deduction is considered by many critical to the ability of people to buy a home and keep their home."

Read>>> AP story


Neal Boortz defends the Fair Tax

1 comment:

Ryan said...

The Fair Tax Act, a nonpartisan bill sponsored by Representative John Linder (GA) and Senator Saxby Chambliss (GA), removes the burden of the income tax and other federal income-based taxes.

The current tax system is incomprehensible. It is beyond reform. It simply has to go.

The Fair Tax Act replaces the current tax system with a national consumption tax that:
• Allows Americans to keep 100 percent of their paychecks, pensions, and Social Security payments.
• Provides a prepaid, monthly rebate for every registered household.
• Allows families to save more for home ownership, education, and retirement.
• Raises the same amount of money for the federal government.
• Makes American products more competitive overseas.
...if that isn't a good plan I do not know what is. I like Rudy it is to bad I can not vote for him now.