Republican presidential candidate Rudy Giuliani said Friday that the alternative minimum tax — which is expected to generate as much as $1 trillion over the next 10 years — could be eliminated by balancing it out with even more tax cuts.This man is not ready to be the President of anything. He is a worthless tool who either is too stupid to understand economics or more likely is just pandering to the right wing base which assumes that God will provide for everything so why have taxes.
Giuliani's remarks prompted a bewildered response from his audience of technology executives. Both Republicans and Democrats said they assumed that the candidate must have misspoke as he responded to a question about the tax and its affect the middle class.
Giuliani left the speech without taking questions from reporters. His campaign did not immediately return a call seeking comment.
The alternative minimum tax, or AMT, was enacted in 1969 to ensure that a handful of wealthy taxpayers could not exploit a series of loopholes to avoid paying any income taxes.
Friday, September 21, 2007
Giuliani - Balance a Tax Cut With More Tax Cuts
This is Republican economics, tax cuts to offset the tax cuts.