"Impractical" in the sense that Giuliani thinks that "Our economy has kind of grown up now on depreciation and deductions" and so all Giuliani really wants is a Tax Code which "Kind of levelled out the rates a little so there weren't as many":
I think it [the federal tax code] needs a massive simplification. If we were doing income tax for the first time, in other words, we were starting off new back at the beginning of the last century, then probably we should go with a -- we probably should've gone with a flat tax, or maybe two levels of tax, but really simple. Our economy has kind of grown up now on depreciation and deductions and industries have grown up around that, and so I don't know exactly how much you can simplify it, but you sure have to make a stab at it. And I thought Reagan got it right. I thought that what Reagan did was -- I kind of think of it as, like, cleaning out the forest. You know, you got -- the tax code was this big, he got it down to a simple code, reduced the top rates. Kind of levelled out the rates a little so there weren't as many. The tax code needs a simplification, in addition to lowering your sum taxes.
http://www.nysunpolitics.com/blog/2007/03/rudy-and-the-flat-tax.html
I love Steve Forbes... I mean, I really do. He was "my guy" in 2000.
But I'm sorry, Forbes has sold his endorsement to a guy who is so utterly WEAK (dare I say... disingenuous?) on the Flat Tax that he admits that, even if he could totally start the whole thing over, he still might have "maybe two levels of tax" (as in, a Higher Tax Rate to Punish the Productive).
WE CAN DO BETTER. Ron Paul has already stated his willingness to Vote for the NRST FairTax and the total abolition of the Income Tax; and, thanks to a little "OrthodoxPresbyterian" networking, Ron Paul's senior staffers will be talking to the FairTax folks over the next few days in order to co-ordinate our Total Opposition to Income Taxation.
The Flat Tax isn't good enough, and Giuliani's castratori "endorsement" of the Flat tax (or kinda Flat, or maybe a little Flatter, etc.) certainly isn't good enough.
This is no time to "settle".
This is when we go for the Brass Ring.
I'm voting for former Vietnam Combat Flight Surgeon, and Leader of Ronald Reagan's Electoral Delegation from Texas: In 2008, I'm Voting for RON PAUL! |
"maybe two levels" ???
What a solid, principled position.
The federal income tax should have been relegated to the twentieth century.