Fundamental Tax Reform Is Now Unstoppable

Forbes ^ | Oct. 26, 2011 | Louis Woodhill

[fightinJAG]

With Rick Perry’s call for a 20% Flat Tax, the movement for fundamental, pro-growth tax reform became unstoppable. Perry, Herman Cain, and Mitt Romney are now the only viable candidates for the Republican presidential nomination remaining. With both Cain and Perry now offering dramatic pro-growth tax reform proposals, Romney will either jump on the tax reform bandwagon or be left in the dust (or possibly both).

The only pro-growth tax cuts in Romney’s 59-point economic plan are a reduction in the corporate income tax rate to 25% (from 35% today) and the elimination of the death tax. However, both Perry and Cain are similarly calling for repeal of the death tax. Also, Perry’s plan would cut the corporate income tax rate to 20%, and Cain’s plan would reduce it to the equivalent of 9%.

[jpsb]

Newt was also the brains behind the GOP takeover of the House and Senate in 94, first time the GOP has done that in 40 years. Newt also put together the House leadership that balanced the budget under a very hostile democrat Bill Clinton. Newts’ house also greatly reformed federal government. In fact no one running has a conservative resume that comes anything close to being as good as Newts. Add to that that is he clearly more intelligent and articulate then any of the others and one quickly concludes that Newt is the best choice the GOP has this time. I was strongly for Sarah but without her Newt is the obvious choice for conservatives.

[SunkenCiv]

Thanks fightinJAG.