Giuliani Assails 'Fair Tax' Plan

Giuliani Assails 'Fair Tax' Plan

"I think there are several tax deductions that are vital to our economy,"
Giuliani said. "This would not be a good time — I don't know if there would ever
be a good time to do this — to advocate ending the home mortgage deduction. The
home mortgage deduction is considered by many critical to the ability of people
to buy a home and keep their home."

He also said deductions for
charitable contributions and state and local taxes were important tax breaks
that the plan would eliminate. The plan calls for getting rid of the Internal
Revenue Service and giving taxpayers a monthly rebate on taxes on purchases up
to the poverty line.

"Why waste our time trying to do this if we can't
actually accomplish it?" Giuliani said. "I try to put my time into things that
we can actually accomplish."

I agree with Guiliani on the fair tax plan, because tax deductions are very important to the citizens of the United States. Taxes are being raised higher and higher every single day it seems, so it is getting harder to buy the things that we desperately need to survive.