« Quote of the Day | Home | Club for Growth on Ron Paul »
Thompson releases tax plan
By sage of monticello | November 26, 2007
The Club for Growth praised Senator Fred Thompson for the release of his pro-growth tax reform plan this morning on Fox News Sunday with Chris Wallace. The plan will:
Permanently extend the 2001 and 2003 tax cuts
Permanently repeal the Death Tax
Repeal the Alternative Minimum Tax
Reduce the corporate tax rate to no more than 27%
Permanently extend small business expensing
Update and simplify depreciation schedules
Expand taxpayer choice
Most commendable is Thompson’s plan to expand taxpayer choice by adopting the Republican Study Committee’s recent plan, called the Taxpayer Choice Act. This plan will give American taxpayers the choice of opting into a simplified tax code that contains only two rates rather than deal with the current monstrosity known as the U.S. tax code.
Topics: Presidential Primary, Republican Presidential contenders, Fred Thompson, Club for Growth |
November 27th, 2007 at 12:16 am
You can’t dog Thompson on his policy. Now if only he can energize his crowds.
GO THOMPSON!