Republican presidential hopeful and former New York Mayor Rudy Giuliani, is seen on a video screen while he speaks at a ‘North Carolina Women for Rudy’ event at North Carolina A&T University in Greensboro, N.C., Monday, Dec. 3, 2007.
Rudy Giuliani today speaking before a “North Carolina Women for Rudy” event criticized Mike Huckabee over his “fair tax” proposal.
Republican presidential hopeful Rudy Giuliani criticized the “fair tax” proposal of 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.
“I think there are several tax deductions that are vital to our economy,” Giuliani said. “This would not be a good timeâ€”I don’t know if there would ever be a good time to do thisâ€”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.”
He also said deductions for charitable contributions and state and local taxes were important tax breaks that Huckabee’s plan would eliminate. The plan calls for getting rid of the Internal Revenue Service and giving taxpayers a monthly rebate on taxes on purchases up to the poverty line.
“Why waste our time trying to do this if we can’t actually accomplish it?” Giuliani said. “I try to put my time into things that we can actually accomplish.”
Let’s face it. Mike Huckabee’s plan to eliminate the Internal Revenue Service is “NUTTER”. And, so is the elimination of the progressive income tax in favor of regressive sales taxation.
Won’t be done – EVER.
The Democrats would grasp onto this proposal and ride it all of the way to the White House.
Mike Huckabee is a good man and alot better than some. But, the “FAIR TAX” is not realistic and shows how Huckabee REALLY is not ready for prime time.
Republican presidential candidate and former New York Mayor Rudy Giuliani greets supporters after speaking at a ‘North Carolina Women for Rudy’ event at North Carolina A&T University in Greensboro, N.C., Monday, Dec. 3, 2007.
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