Skip to comments.Rudy Giuliani: Supply-Sider-in-Chief
Posted on 02/10/2007 9:26:03 PM PST by FairOpinion
Republican primary voters should rally around the GOP field's most accomplished supply-sider, the all-but-announced Rudolph W. Giuliani. Having sliced taxes and slashed Gotham's government, New York's former mayor is the leading fiscal conservative among 2008's GOP presidential contenders.
Before Giuliani's January 1, 1994 inauguration, New York's economy was on a stretcher. Amid soaring unemployment, 235 jobs vanished daily. Financier Felix Rohatyn complained: "Virtually all human activities are taxed to the hilt." Punitive taxes helped fuel a $2.3 billion deficit.
Mayor-elect Giuliani sounded Reaganesque when he announced he would "reduce the size and cost of city government" to balance the budget. In his first State of the City address, he said: "We're going to cut taxes to attract jobs so our people can work."
Giuliani spent eight years keeping these promises.
"America's Mayor" cut or killed 23 levies, saving taxpayers $9.8 billion. Giuliani pared Gotham's top income-tax rate by 20.6%. Washington, D.C.'s CFO reported that between 1993 and 2001, local taxes on a family of four New Yorkers earning $50,000 fell 23.7%.
Giuliani cut the commercial-rent tax, curbed sales taxes, and curtailed the marriage penalty on taxpaying couples. Giuliani proudly shaved Gotham's hotel tax from 6% to 5 in 1994. Consequently, that tax's revenues soared from $135 million in Fiscal Year 1995 to $239 million in FY 2001.
Giuliani defends his supply-side instincts with bracing candor. Asked after September 11 if he would hike taxes, Giuliani called that "a dumb, stupid, idiotic, and moronic thing to do."
Giuliani's expenditure growth averaged 2.9% annually, while local inflation between January 1994 and December 2001 averaged 3.6%. His FY 1995 budget decreased outlays by 1.6%, while his post-9/11 FY 2002 plan lowered appropriations by 2.6%.
If President Bush had followed Giuliani's example and limited Washington's spending to 2.9% average, annual growth, the just-unveiled FY 2008 federal budget would cost $2.275 trillion, not $2.9 trillion, saving taxpayers $625 billion, the Cato Institute's Stephen Slivinski estimates. Such Giulianian fiscal discipline would generate a $386 billion surplus, not an anticipated $239 billion deficit.
Giuliani repeatedly privatized municipal assets. Giuliani sold WNYC radio for $20 million, WNYC-TV for $207 million, and Gothams share of the U.N. Plaza Hotel for $85 million. Divesting the New York Coliseum excised an eyesore from Columbus Circle and added $345 million to city coffers. Giuliani also let the private Central Park Conservancy manage Manhattan's fabled urban forest.
These eight years of tax reduction and fiscal responsibility helped hammer unemployment from 10.4 percent in 1993 to 5.7 percent in 2001. Simultaneously, personal income advanced 53 percent.
It's hard to compare a two-term ex-mayor, a one-term governor, and a four-term U.S. senator. Nevertheless, Cato's 2006 gubernatorial report card gives former Massachusetts chief executive Mitt Romney a "C." While the top personal tax rate fell 6 percent on his watch, thanks to a referendum voters approved before he arrived, Romney's first budget raised $140 million by closing corporate-tax loopholes. It also featured some $501.5 million in increased fees, including higher marriage licenses (from $4 to $50), pricier gun permits ($25 to $100), a $100 biannual fee for volunteer firefighters (rescinded under pressure), and a $10, previously free, ID card that lets the blind ride Boston public-transit gratis.
Few in Congress expose outrageous federal boondoggles as fervently as does John McCain. However, he is an ambivalent tax fighter. According to Club for Growth research, McCain opposed President Clinton's 1993 tax increases and supported his 1997 capital gains tax cuts. He also voted to extend President Bush's 2003 tax cuts. For 2005, McCain earned a 78% National Taxpayers Union rating -- an "A."
Unfortunately, McCain opposed President Bushs 2001 and 2003 tax cuts. McCain voted against repealing the Death Tax in 2002. Also, in 1998, McCain embraced former Sen. Tom Daschle's (D.-S.D.) motion to approve Big Tobacco's Master Settlement Agreement, including a $1.10-per-pack cigarette-tax increase.
"I know a lot less about economics than I do about military and foreign policy issues," McCain conceded to Wall Street Journal editorialist Stephen Moore. "I still need to be educated."
Conservatives seeking a proven leader to lasso taxes and rein in runaway spending have a natural choice for President: Rudolph W. Giuliani.
"it's the supply-sider versus the Marxist-Leninist "from each according to his ability, to each according to his need."
BINGO! The choice for any REAL conservative should be obvious.
They wouldn't have their Congressional records or anything, righ? They don't call Paul "Dr. No" for no reason.
"Tancredo and Paul have nothing but talk...."
Bull. They both have long, proven voting records of fiscal conservatism. Tancredo and Paul were two of only ten or eleven members of the house of representatives (435 members in total) who stood up against excessive spending in after Katrina. Both voted against the medicare prescription drug deal. Both have all kinds of "friends of the taxpayer" awards and top rating from just about every fiscal conservative group out there.
Yes, I detest Rudy McRomney too. Democrats with R's by their names.
Would you please STOP? Do you take PayPal?
Don't you get it? The Free Republic code is:
R = good. D = baaaaaaaaaaaaaaaaaaaaaaad.
Please get with the program.
If Rudy was merely neutral on the social issues, then I would not have much of a problem with his candidacy for the nomination.
Rudy seems ready and willing to use whatever lever his has at his disposal to solve a problem, and that seems to threaten some core issues for me at least.
Yes, and it's obviously not the beneficiary of this stupid puff piece. I have no idea why Terry Jeffrey allowed this in Human Events. Maybe finally after all these years, Beltway Fever has infected even him. Damned shame.
Liberals are liberals, no matter what letter happens to be by their name.
Hillary's trolls are at it again. I swear they stalk these boards just waiting for the Rudy threads to pop up. No life.
In your world principles are for sale. Not in mine.
We (Mr. and Mrs. RQSR) had a negative premonition of Schwarzenegger, but we had Gray Davis in California. Something had to be done (vote for change) and it was done holding our noses and praying for the best. It didn't happen. Siiiiiiiiiiigh
Now along comes Giuliani as favored Republican nominee and that same negative premonition we had is back as more and more jump on the Rudy bandwagon.
Where Schwarzenegger married into a family of Leftist baggage, Rudy has accomplished it all on his own.
As we stated in another post, Rudy is a "Niche" kinda guy, as Mayor of NYC he was OK, quite successful by all indications, but we cannot see him as President of the United States of America.
Giuliani=Lieberman. They're so similar it's beyond belief. I wonder how many people here like Lieberman back in 2000. Probably none. Somewhere between 2000 and now the republican party moved further to the left.
Not exactly; Tancredo has his one issue, and Paul is swiftly becoming the left's favorite Administration basher.
(The Republicans will unite in 2008 around (Guiliani, Romney, McCain or Rice)-take that Hillary!)
Hillary wouldn't be so bad if she just had an R next to her name. Most of the people around this forum wouldn't be so mean to her if she just had an R. Some extremists would probably still call her a liberal or some other slur popular among ultra-right-wingers, but most would understand she's good now.
Schwarzenegger vetoed many of the socialist bills the Dem Legislature passed, people keep ignoring that -- bills that a Dem governor would have signed, everything from government run REAL socialist healthcare, to drivers licences to illegals, to marriage for homosexuals, tax increases and the list goes on.
He should just put a D there and be honest.
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