Pale Pastels & Taxes
One of the plethora of slogans in 1980 that helped make Ronald Reagan’s ideas workable was the slogan “no more pale pastels.” He opposed having slogans without any “umph” behind them. To be conservative was to be open and honest about them in the face of the screaming-mimies media.
Fred has been accused of having pale pastels. He has no main running theme, just the fact that he’s conservative. Contrary to this accusation, he does have the best tax plan. In the Wall Street Journal article about the tax plans of all (R) candidates, and Rudy G.'s most recent plan, they opine about the G-man's three tax brackets.
Mr. Giuliani would retain the mortgage and charitable deductions on his alternative tax form, no doubt because he fears their political power. In this sense, his plan is inferior to Fred Thompson's optional flat tax (two rates: 10% and 25%), which is the simplest and best reform in the field.
Both candidates have shorter tax forms, which should take under 15 minutes to fill out, unless of course the person wants the optional old form with its hours of work.
The WSJ also gave full treatment to "Flat-Tax Fred" in it's November 28, 2007 article saying
Mr. Thompson wants to abolish the death tax and the Alternative Minimum Tax and cut the corporate income tax rate to 27% from 35%. But his really big idea is a voluntary flat tax that would give every American the option of ditching the current code in favor of filing a simple tax return with two tax rates of 10% and 25%
Good for Fred, and good for him to describe how tax cuts help stimulate the economy. Tax rebates are really just another form gov't spending. The Democratic method of Gov't spending more and more is just a form of streoid economics.
