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Thompson releases tax plan

Posted by sage of monticello | Posted in Club for Growth, Fred Thompson, Presidential Primary, Republican Presidential contenders | Posted on 26-11-2007

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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.

Comments (1)

Grozet said on 27-11-2007

You can’t dog Thompson on his policy. Now if only he can energize his crowds.

GO THOMPSON!

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