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April 18, 2014

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2008 Elections

Rudy Giuliani on Taxes

 

(Giuliani dropped out of the race on Jan. 30, 2008, after finishing a distant third in Florida's Jan. 29 Republican primary. He then endorsed John McCain.)

As a Democrat for most of his adult life, Giuliani has said that the issue of taxes was what drew him to the Republican Party. And, as president, he would make the Bush tax cuts permanent. He would also "kill" the estate tax. Giulinai says that his platform on taxes is one of proof, not theory. He cites his success with cutting taxes while he was mayor of New York City, where unemployment dropped 50 percent and he collected 40 percent more from lower taxes than the city had collected from higher taxes.

 

"The way to do it sometimes is to reduce taxes and raise more money." — Giuliani at the Iowa Debates.

 

In addition to lowering taxes, Giuliani plans to attach the alternative minimum tax (AMT) rate to the state of the economy. In addition, he would lower the corporate tax rates. This is all a part of Giluiani's theory that lowering the correct taxes stimulates businesses, thereby creating more jobs, which leads to more people spending more money and sparks an overall boost in the economy.

 

Giuliani's campaign Web site: Read more on Giuliani's plan for fiscal discipline in government and on lowering taxes.

 

YouTube Video: Giuliani discusses how lowering taxes is more beneficial to growth and revenue than hiking up tax rates.

 

YouTube Video: Giulinai answers the question of how he can raise taxes without making drastic cuts.

 

— Las Vegas Sun new media intern Jenna Kohler compiled this report.

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