Since the 2008 Republican primary race began, Rudy Giuliani’s consistent message to the American public has been that his personal experience with 9/11 makes him the best candidate for the highest office in the land. Seemingly as an afterthought has been his history of cutting taxes 23 times while serving as mayor of New York. Hs main focus has been on the terrorists’ efforts against the United States, and how he is best suited to keep the nation safe.
However, in recent days, and in light of a looming recession, Giuliani has apparently changed his focus from national security to domestic economics. Now, in addition to reminding us how he cut taxes in New York, and turned a multi-billion budget deficit into a multi-billion dollar surplus, he’s driving home a message of taking decisive action on our current economic problems.
The former New York mayor is in favor of making the Bush tax cuts permanent and his tax cut plan is the largest in modern American History. In addition, Rudy has proposed a new form for tax filing and wants to give Americans a choice of either using the old tax forms or using the new “Fair And Simple Tax form”, or F.A.S.T. The new form only has three rates allowing Americans to save substantially in taxes.
Rudy Giuliani’s tax plan is extensive, touching on all areas of the economy normally encountered by the average American. He intends on repealing the death tax, cutting the corporate tax rate, cutting the capital gains tax, and indexing the AMT for inflation and eventually he will eliminate it altogether.
One thing’s for sure, America needs a fiscal conservative and Rudy Giuliani is unlike both John McCain, who has voted more than 50 times not to cut taxes, and Mitt Romney who not only failed to cut taxes but actually raised them in many cases.
Florida may be Rudy’s last stand. For the sake of the economy, let’s hope he pulls off a win finally.
January 26th, 2008 at 10:19 am
Let’s see, Ginger, so of the four places where the Guiliani administration is going to cut taxes its for the incredibly rich, the incredibly connected, the very rich, and the filthy rich. In contrast to the economic stimulus that we’ll get sometime this year– which is $600 dollars I’ll gladly put into my pocket and somewhere, I might point out, where I’m most likely to have gotten diddly squat from Congressional Republicans, who now are fairly transparent about giving their rich benefactors tax breaks.
Ginger, you might also point out that in case you would like to cut taxes for the rich *and* fund an expensive WoT 10,000 miles away against an implacable enemy that is just going to keep on coming. That and you want to do it while this country is running deficits of half a trillion dollars and a debt fast approaching 13 figures.
Ginger, I really think you should be referred to as blogger most likely to seriously default on one’s credit card and/or have a house foreclosed on.
January 28th, 2008 at 2:13 pm
The top 1% of income earners in the US pay 97% of all taxes.
It is amazing to think that the principles of capitalism be changed so that we can become more like the European Economy. If we look outside the US I will point out to this uneducated fellow as it relates to taxes that the Europe Corporate Tax rate is 25% and the US Corp tax rate is 35%. The over leveraging of financial institutions as it concerns the subprime problem is surely an area of concern and more controls and transparency are needed to ensure that these failures of fiscal responsibility regarding risk are curtailed and monitored so that the financial health of our nation is not put into jeapordy. Rudy is the only candidate that has proven that he can turn around a broken goverment as seen while he was Mayor of NYC. The tax cuts have created more wealth for all Americans and to say that only the top 1% received the benefits is simply not correct. The US infrastructure would be in much better shape if some of the current tax policies were eliminated. Dividend and Estate Taxes certainly do not bode well for any American and it is unjust that any American be asked to pay taxes on his estate after he dies. America is heading into very dangerous territory when it is considering the adoption of social medicine and I can assure you that America’s innovation for technology and medicine will be greatly reduced by the socialistic principles of the Democratic party who believe that goverment is your best friiend. Ronald Reagan helped the world when the walls of east berlin came crashing down and now the world is benefiting to a capitalistic society and people all over the world are improving their quality of life however we only look to Europe where old economies continue to have the highest rate of unemployment and their productivity numbers are not even close to ours in the US. Rudy will be a great President because it is not a matter about looking Presidential but more importantly about how to get things done without having big goverment to do it. Its a shame that Rudy has been a victim of the liberal media and it is clearly evident that the media is more interested in the story than who will be the better candidate to lead.
January 28th, 2008 at 3:25 pm
Cutting taxes helps boost the economy. They don’t just help the filthy rich. This has been proven time and time again. Giuliani proved it in New York. Bush proved it in 2003.
As far as the rebates are concerned… unless you don’t pay taxes, even you would have gotten something from the “congressional republicans.” Bush’s orginial plan left out those who don’t pay taxes. And quite honestly, I’m not sure that would have bothered me. If you work, but don’t make enough to pay taxes, you generally get more back in your tax return than you ever paid the government to begin with, especially if you have a kid. Since I don’t get all of my taxes back each year, even with the child tax credit, I know that the money those people get comes directly from my pay check. Talk about a cheerful Monday morning thought.