Giuliani Tax Plan May Win Converts

Rudy may not have the social cons but he'll win over the fiscal conservatives with this tax plan:

Here are a few of the things Rudy's plan would do:... Make permanent the bush tax cuts NOW…not in 2010... Permanently index the alternative minimum tax (AMT) and then eliminate it when practical (no timetable).
... Get rid of the Death Tax
... Lower the capitol gains and dividend rate to 10% and index to inflation. (Here is where he could go further and actually eliminate the capitol gains tax).
... Lower corporate tax rate from 35% to 25%.
... Trio of tax free savings accounts – Roth style – available to ALL income classes.
... Tax simpli[fi]cation strategy – one page tax return
... Three rates – 10% (40k), 15% (150k), and 30% (150k ).

4% of the GDP according to sources. That's more than double the Reagan cuts and 60% more than the Bush cuts.

It will be easier for Giuliani to win the nomination and the general election than to push this plan through Congress. That said, Bush ran on cutting taxes and accomplished that goal. And hey, the way Congress is wallowing at about 25% approval, we could see a wholesale house cleaning next year and who knows who'll be in the majority? I like this plan.

Update: I guess someone didn't want him to release the details of this plan as they had to move it for "security reasons".