Quotes of the day

posted at 10:37 pm on August 31, 2011 by Allahpundit

“Simplify The Personal Income Tax Code And Lower Rates. Rather than nibble around the edges of the existing tax code, Gov. Huntsman will introduce a revenue-neutral tax plan that eliminates all deductions and credits in favor of three drastically lower rates of 8%, 14% and 23%. Eliminating deductions and credits in favor of lower marginal rates will yield a simpler and more efficient tax code, decreasing the burden on taxpayers…

“Eliminate The Taxes On Capital Gains And Dividends In Order To Eliminate The Double Taxation On Investment. Capital gains and dividend taxes amount to a double-taxation on individuals who choose to invest. Because dollars invested had to first be earned, they have already been subject to the income tax. Taxing these same dollars again when capital gains are realized serves to deter productive and much-needed investment in our economy.

“Reduce The Corporate Rate From 35% To 25%. The United States cannot compete while burdened with the second-highest corporate tax rate in the developed world; American companies and our workers deserve a level playing field. With high unemployment, it is important that we not push corporations and capital overseas. We need employers to be based in America if they’re going to provide jobs to Americans.”

***

“Current polls say Jon Huntsman, former Utah governor and ambassador to China, isn’t a top tier candidate for the 2012 Republican presidential nomination. But he certainly has a top-tier economic plan. Huntsman will offer a broad proposal later today – covering taxes, regulation, trade and energy. But I already had a peek at the tax part. And I think it is excellent

“At first glance, this looks like perhaps the most pro-growth, pro-market (and anti-crony capitalist) tax plan put forward by a major U.S. president candidate since Ronald Reagan in 1980. But it is not without political risk. In addition to killing tax breaks for businesses, Huntsman would eliminate the mortgage interest deduction, healthcare exclusion, and the child tax credit among other “tax expenditures. ” We’re talking about a whole herd of sacred cows. Both his fellow presidential candidates and Washington lobbyists will likely attack him for some of those ideas.”

***

“In order to infuse predictability and certainty into the marketplace – which it doesn’t have today and therefore it has no confidence and therefore you don’t have business employing and you don’t have business releasing capital expenditures into the marketplace — you have to get certainty in terms of tax reform. We’re going to lower rates [23 percent, 14 percent, 8 percent and a zero capital gains rate] with three brackets and an income tax return that would resemble a post card. This is reminiscent of what I did as governor where I actually created something close to a flat tax where we worked to eliminate all the deductions and loopholes.

“So I am premising both individual and corporate tax reform [with a top rate lowered to 24 percent] on clearing the cobwebs out. You pay for it by eliminating corporate welfare, by phasing out subsidies and loopholes and deductions. My goal would be to phase out everything on the corporate side and the individual side. I know that is controversial. I know there is a political risk there. But that is the only way you can raise the revenue to buy down the rates. There ‘s no other way to pay for it. When I was governor it took us two years, we brought both parties together and we got it done. So I am coming at this exercise as probably the only person in the race who’s actually been through this effort before.”

***

“But here’s the problem. The tax code, when combined with entitlements as now structured, overtaxes parents, and the child credit only partially offsets that effect. By abolishing the credit–a legacy of the Gingrich Congress and the Bush administration–Huntsman would be taking a step away from neutrality and toward a perverse form of social engineering.

“And while we don’t know all the details it seems highly likely that the net result would be a higher tax bill for most middle-class parents, also known as Republican voters. Attacking the financial interests of your own side’s voters is praiseworthy only if it is in the service of good policy.”

***

***

Jon Huntsman Announces His “Time To Compete” Economic Plan from Jon 2012 on Vimeo.

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Second look at Huntsman?

carbon_footprint on August 31, 2011 at 10:40 PM

No.

carbon_footprint on August 31, 2011 at 10:41 PM

Sounds good on paper but it looks too much a like unicorn n rainbows thingy for me to take it seriously.

promachus on August 31, 2011 at 10:41 PM

who?

djohn669 on August 31, 2011 at 10:42 PM

morning joe to praise this plan ad nauseum tomorrow am…

his light faded a long time ago….

cmsinaz on August 31, 2011 at 10:43 PM

As my favorite candidate says, “That dog don’t hunt.”

publiuspen on August 31, 2011 at 10:44 PM

Neal Boortz for president.

hillbillyjim on August 31, 2011 at 10:43 PM

I am seriously a huge fan of the fair tax. Will never happen though. The IRS and tax preparers, tax lawyers, CPA’s, etc. will never allow that to happen here. It is a shame.

carbon_footprint on August 31, 2011 at 10:45 PM

I wouldn’t mind voting for him if he fires Weaver.

TimeTraveler on August 31, 2011 at 10:45 PM

Jon Huntsman, former Utah governor and ambassador to China

Notice how he is not currently being described as a “quitter”.

With this much LSM fakery, how it must gall this guy that he doesn’t have a syrupy media nickname such as “maverick”.

RushBaby on August 31, 2011 at 10:46 PM

He just bought my vote!

singlemalt 18 on August 31, 2011 at 10:48 PM

It’s a good plan… but as long as Weaver is working for Huntsman I won’t be voting for him.

ninjapirate on August 31, 2011 at 10:49 PM

Don’t we need to get our marching orders from Rush tomorrow to figure out if we like this?

Jogs the memory……..it was Rush, Levin, Sean, Hugh, Laura, Michael that told us that Mitt was the “true conservative” in 2008. Let’s bury that, doesn’t help at this point.

AYNBLAND on August 31, 2011 at 10:49 PM

Too bad he worked for Barack who would never give this a 2nd thought.

SouthernGent on August 31, 2011 at 10:49 PM

I seriously hope Mittens or Richie “steals” this plan. It is awesome.

johnboy on August 31, 2011 at 10:50 PM

The tax plan is interesting and may be worth a look, but I’d sooner vote for Buddy Roemer than Huntsman.

teke184 on August 31, 2011 at 10:50 PM

Notice how he is not currently being described as a “quitter”.

In Jon Huntsman’s defense, he quit to run for president… Palin quit(I actually buy her excuse that she was harassed off) to run her reality TV show with Kate Gosselin.

ninjapirate on August 31, 2011 at 10:51 PM

Don’t we need to get our marching orders from Rush tomorrow to figure out if we like this?

Jogs the memory……..it was Rush, Levin, Sean, Hugh, Laura, Michael that told us that Mitt was the “true conservative” in 2008. Let’s bury that, doesn’t help at this point.

AYNBLAND on August 31, 2011 at 10:49 PM

I think Medved was pushing McCain.

carbon_footprint on August 31, 2011 at 10:51 PM

I might believe him if he had talked about it in his announcement speech and not when his high-point has been 1% in the polls for months. And in the state where he opened his headquarters, Florida, RCP had him at 0%. So obviously gee something wasn’t working. Or selling. And I’m not buying. He’s clearly played to liberal leaning Independents and Democrats and wants above 0% (He’s tied with me!)

Marcus on August 31, 2011 at 10:52 PM

Its a simple question, who believes Huntsman will fight for this after he’s elected?

Ooor, he’ll remember his old ways and throw conservatism under the bus?

Speakup on August 31, 2011 at 10:54 PM

This plan is simply fantastic. If we adopted this plan on the revenue side and a freeze -1% plan on the spending side our fiscal problems would be solved. It’ll never happen.

Ted Torgerson on August 31, 2011 at 10:54 PM

I am seriously a huge fan of the fair tax. Will never happen though. The IRS and tax preparers, tax lawyers, CPA’s, etc. will never allow that to happen here. It is a shame.

carbon_footprint on August 31, 2011 at 10:45 PM

Yup. Too many lobbyists; too little time. Not to mention all of the dirty hands getting greased.

hillbillyjim on August 31, 2011 at 10:55 PM

In Jon Huntsman’s defense, he quit to run for president…

ninjapirate on August 31, 2011 at 10:51 PM

Non-sequitur, because I did not accuse. I pointed out that the media is laughing up their sleeves at him, because they have this ace of dog whistles up there.

RushBaby on August 31, 2011 at 10:57 PM

Some co-workers and I have talked about this in the past. Although we all get tax breaks it wouldn’t be a killer to pay less every month and get nothing back at the end of the year, or have to pay the gov’t. Got really fed up when my step-daughter and her husband paid in less than $2000 in taxes and got almost $6000 back because of kids.

Russ86 on August 31, 2011 at 10:58 PM

He’s part-way there.

OldEnglish on August 31, 2011 at 10:58 PM

Don’t we need to get our marching orders from Rush tomorrow to figure out if we like this?

Jogs the memory……..it was Rush, Levin, Sean, Hugh, Laura, Michael that told us that Mitt was the “true conservative” in 2008. Let’s bury that, doesn’t help at this point.

AYNBLAND on August 31, 2011 at 10:49 PM
I think Medved was pushing McCain.

I meant Savage. But alas, literally let’s not forget how all of our talk radio heroes said Mitt was the “true conservative” 3 years ago AFTER RomneyCare had passed. So let’s take our marching orders from them…………Huntsman, RINO etc. etc. His plan is great but that doesn’t help me feed some red meat to my audience of “purity test true believers” so ………don’t mention it.

AYNBLAND on August 31, 2011 at 11:00 PM

Contessa Brewer wants to know if Huntsman has a degree in Tax law…..

BacaDog on August 31, 2011 at 11:02 PM

A lovely basket of lofty thoughts for another planet populated by saints, butterflies, fuzzy bunnies and unicorns.
Congress and whatever parties exist on this earth will never give up their power to reward their friends and impede their adversaries with the zany quirks and dusty corners of the byzantine tax code. Simplifying the tax code is never going to happen as long as the folks designing the system are driven by the lust for power and not the pristine virtue that he assumes. The current arrangements are this way because they’re working for those who have the power to change it or keep it.
Politicians design systems to achieve political aims….DUH!!

Lew on August 31, 2011 at 11:03 PM

Its a simple question, who believes Huntsman will fight for this after he’s elected?

Ooor, he’ll remember his old ways and throw conservatism under the bus?

Speakup on August 31, 2011 at 10:54 PM

A good plan, for sure, but have the same trust concern. This guy is a chameleon, crawling and changing colors wherever he must to make a difference or survive. Know his dad, a real success story and man. Too bad this apple fell too far from the tree.

TXUS on August 31, 2011 at 11:03 PM

I meant Savage. But alas, literally let’s not forget how all of our talk radio heroes said Mitt was the “true conservative” 3 years ago AFTER RomneyCare had passed. So let’s take our marching orders from them…………Huntsman, RINO etc. etc. His plan is great but that doesn’t help me feed some red meat to my audience of “purity test true believers” so ………don’t mention it.

AYNBLAND on August 31, 2011 at 11:00 PM

Wow, that surprises me that Savage would be behind Mitt.

carbon_footprint on August 31, 2011 at 11:03 PM

I hate deductions. I hate that game, it makes my income tax filing always an exercise in frustration. It feels like I’ve missed a deduction somewhere every single time. Concurrently, I know some deadbeat crotchfruit factory is taking advantage of those deductions so much that she won’t pay taxes at all.

Apologetic California on August 31, 2011 at 11:06 PM

cmsinaz on August 31, 2011 at 10:43 PM

Good post!..:)

Dire Straits on August 31, 2011 at 11:08 PM

“Eliminate The Taxes On Capital Gains And Dividends In Order To Eliminate The Double Taxation On Investment. Capital gains and dividend taxes amount to a double-taxation on individuals who choose to invest. Because dollars invested had to first be earned, they have already been subject to the income tax. Taxing these same dollars again when capital gains are realized serves to deter productive and much-needed investment in our economy.

Rick Perry needs to swipe some of this plan, including this part. It’s really pretty good, to bad Huntsman’s a loser.

Why let a good plan go to waste?

Knucklehead on August 31, 2011 at 11:11 PM

Good Lord.

Why are we even discussing this fool. He stands zero chance of getting the nomination. Worse, like Obama, he’ll say anything to get elected. Talk about an empty suit. He makes Obambi look like a statesman of old.

BacaDog on August 31, 2011 at 11:13 PM

Too bad he can’t run as a Democrat, all the establishment republicans could vote for him then. But this generation of democrats wouldn’t vote for Huntsman with Obama on the ticket.

Too bad he can’t team up with Bloomberg on an independent ticket. The ‘independents’ could vote with the establishment republicans and it would almost be enough.

Skandia Recluse on August 31, 2011 at 11:19 PM

Yukk.

Fortunata on August 31, 2011 at 11:20 PM

Yukk.

Fortunata on August 31, 2011 at 11:20 PM

%$#@.

(rhymes with yukk)

Although the flat tax is good common sense; that’s why it’ll never happen.

Too many pigs getting fat off of the slop with the current ‘system’, if you can call it that.

hillbillyjim on August 31, 2011 at 11:28 PM

I think all corporate taxes should be eliminated. Why? Because their customers pay for it anyway. If they didn’t have income taxes to pay, they could lower their prices to their customers and/or pay higher dividends to their shareholders. Win/win.

Mirimichi on August 31, 2011 at 11:36 PM

Knucklehead on August 31, 2011 at 11:11 PM

So you are actively encouraging Perry to steal? That’s in the character I guess.

promachus on August 31, 2011 at 11:37 PM

Oh, I forgot. Then they wouldn’t have to park their money overseas someplace to hide it. See GE.

Mirimichi on August 31, 2011 at 11:37 PM

People seem to be overlooking the best part of the plan, which is elimination of credits. Child tax credit, additional child tax credit, child and dependent care credit, making work pay credit, American opportunity credit, residential energy efficiency credit, first time homebuyer credit, earned income tax credit and on and on. Get rid of these credits and the tax code moves from tool of social engineering and wealth redistribution to a system of revenue generation. All the 47% that freeload off the system now will have a stake in the system again, even if a small one. That will move the lower and middle class to the right, when they see all these boondoggles and think they are no longer sticking it to the rich. Our government will stop growing when the number of people that pay for the cost of growth reaches critical mass.

Ted Torgerson on August 31, 2011 at 11:47 PM

The lower rates look attractive but once deductions are gone we will never get them back. And if we ever (God forbid) get another Progressive president those attractive rates will go up and up but the no deductions part will continue.
Also, is this really the time to consider eliminating the mortgage deduction? Something like 30% of the homeowners have under water mortgages. What happens to the banks if those people just walk away? What happens to the dollar? Remember the law of unintended consequences.

bindare on August 31, 2011 at 11:50 PM

BTW, I’m LOLing that this is a Huntsman-centric QOTD. Are we testing the bottom of page views and comments? Cuz you’re doing a great job!

Apologetic California on August 31, 2011 at 11:50 PM

This may be the first good thing I’ve heard about Huntsman.

Rick Perry needs to swipe some of this plan, including this part. It’s really pretty good, to bad Huntsman’s a loser.

Why let a good plan go to waste?

Knucklehead on August 31, 2011 at 11:11 PM

Agreed. If Perry wants to prove he’s not all talk, this would be a good start.

Or Huntsman can stop giving the Democrats talking points and start playing the primary game the way it’s meant to be played.

Caiwyn on August 31, 2011 at 11:52 PM

Apologetic California on August 31, 2011 at 11:50 PM

ROFL..:)

Dire Straits on August 31, 2011 at 11:53 PM

The lower rates look attractive but once deductions are gone we will never get them back.

And that’s the point. All the crazy deductions, loopholes, income tax credits, child deductions all get eliminated and puts everyone on an even playing field.

You can’t have both, that’s part of the reason we are in a mess right now.

Knucklehead on August 31, 2011 at 11:58 PM

Political elite ruling class Rino…

… He might as well say he’s for securing the borders and tort reform.

“Yeah, that too…!”

Seven Percent Solution on September 1, 2011 at 12:01 AM

Huntsman would be taking a step away from neutrality and toward a perverse form of social engineering.

And while we don’t know all the details it seems highly likely that the net result would be a higher tax bill for most middle-class parents, also known as Republican voters. Attacking the financial interests of your own side’s voters is praiseworthy only if it is in the service of good policy.

Schadenfreude on September 1, 2011 at 12:06 AM

In Jon Huntsman’s defense, he quit to run for president… Palin quit(I actually buy her excuse that she was harassed off) to run her reality TV show with Kate Gosselin. to help like-minded candidates win in 2010.

ninjapirate on August 31, 2011 at 10:51 PM

Fify.

alwaysfiredup on September 1, 2011 at 12:25 AM

He should be proposing eliminating the corporate income tax, not just reducing it to 25%. then I might support the plan. But it looks weak-tea-ish to me.

alwaysfiredup on September 1, 2011 at 12:26 AM

Huntsman threads are comment gold baby.

darwin-t on September 1, 2011 at 12:37 AM

In the general scheme of things, there are several problems with these proposals. Home mortgage interest deductions are something that people sign up for for the life of their mortgage — to change the rules so drastically in the middle of the game is a “gotcha” move that would cause massive disruption.

Second, simplifying tax returns so that they fit on postcards only works if you have normal wages, interest, and such. Yet, out in the real world, people are moving more towards consulting, part-timing, multi-jobs, incentive pay, and other more entrepreneurial arrangements. Why should the tax treatment of an independent salesman who is paid on commission, drives his own car, pays for his own travel and meals and does his own marketing be any different from a salaried salesman who drives a company car, and has all the rest provided by his company? By not allowing the former any deductions, you’d be effectively subsidizing larger firms in older industries who can structure “hidden compensation” like car allowances.

cthulhu on September 1, 2011 at 12:51 AM

The GOP will betray you

True_King on September 1, 2011 at 12:52 AM

Exxon finds it easier to deal with Russia than little Bammie’s thug government: Exxon Gets Deal in Russian Arctic

slickwillie2001 on September 1, 2011 at 12:53 AM

Government insanity; exporting ethanol to Brazil while we import ethanol from Brazil: U.S. to Beat Brazil as World’s Leading Ethanol Exporter

slickwillie2001 on September 1, 2011 at 12:58 AM

All you need to know about Huntsman is in his letters to Obama and Clinton.

No man who fawns so shamelessly over Obama and Clinton should ever be the Republican nominee for dogcatcher, much less President.

Adjoran on September 1, 2011 at 1:39 AM

OT – Weiner’s old seat not so safe for the Left.

Schadenfreude on September 1, 2011 at 1:40 AM

Palin quit(I actually buy her excuse that she was harassed off)

ninjapirate on August 31, 2011 at 10:51 PM

To be fair, I don’t think I’ve seen anyone treated the way Palin was in my lifetime; far beyond Bork and Quayle.

flicker on September 1, 2011 at 2:06 AM

As for Huntsman, the idea is wonderful, but no one can do it. And if one could, it would take a man of great conservative conviction, which I doubt Huntsman even wants to be.

flicker on September 1, 2011 at 2:09 AM

Aaaaand… if a RINO does it, it will probably end up more like McCain-Feingold or something — well-intended, bad political philosophy, unconstitutional infringement, and unintended consequences.

flicker on September 1, 2011 at 2:39 AM

OT – Weiner’s old seat not so safe for the Left.

Schadenfreude on September 1, 2011 at 1:40 AM

I have my hopes, but not gonna happen. The GOP special elections team is the most incompetent…thing ever.

Apologetic California on September 1, 2011 at 3:11 AM

This is an excellent sounding plan. I do have my concerns about the removal of the child tax credit and what it means to middle class families (apparently the National Review did too), but something like this is phased in over time and cuts right into the corruption which rigs the tax code to work in favor of big business and against small business. It also would be excellent for small investors.

The closer we get to a simplified flat tax, the more likely we are to see the Fair Tax in our future.

Daemonocracy on September 1, 2011 at 3:18 AM

OT: Fiat US CEO (which makes her a recipient of bailout moneys via Chrysler) Laura Saove hired an marketing agency based on…a rather personal relationship with the CEO of that marketing agency.

The agency was fired after an audit uncovered suspicious things.

“One spy claims, “I was at Impatto on Monday and the entire warehouse has been emptied out. Chrysler took everything back, apparently this audit thing is pretty serious.” What they’re referring to is an apparent financial and accounting audit that the agency has been undergoing. When we called Impatto, we were referred to Universal McCann (?) and our inquiries to Chrysler about the alleged Fiat move are being passed around the company’s media relations camp as we speak.”

Apologetic California on September 1, 2011 at 4:13 AM

Rick Perry needs to swipe some of this plan, including this part. It’s really pretty good, to bad Huntsman’s a loser.

Why let a good plan go to waste?

Knucklehead on August 31, 2011 at 11:11 PM

Yes, why not? It is not like he owns a copyright on it.

IowaWoman on September 1, 2011 at 6:18 AM

I am seriously a huge fan of the fair tax. Will never happen though. The IRS and tax preparers, tax lawyers, CPA’s, etc. will never allow that to happen here. It is a shame.

carbon_footprint on August 31, 2011 at 10:45 PM

I refuse to believe that they can out-muscle us forever. Our problem is one of organization. We can overwhelm them, but not one at a time. Too easy to pick us off individually. This is why the Tea Party is so feared and reviled by the left. It represents the kind of effective organized action they have had a monopoly on for years.

SKYFOX on September 1, 2011 at 6:38 AM

Huntsman reminds me of a brand of clothing…every time I see him and his name I think of some Wal-Mart rip off of “Polo”.
You know that kind that has a “Huntsman” label, a guy shooting a pheasant or something, and it’s a cheap flimsy material that falls apart after three washings, and you can never quite iron out the wrinkles, the collar turns up and you say “Why did I ever buy this piece of junk, it looked so good on a hanger”…
Well, that is Huntsman…a Wal-Mart imitation of quality…

right2bright on September 1, 2011 at 7:54 AM

right2bright on September 1, 2011 at 7:54 AM

nice analogy
:)

cmsinaz on September 1, 2011 at 7:56 AM

Can the Tea Party and like-minded Republicans get together and start putting together an Open Source economic plan aimed towards a smaller federal government, marginalizing entitlements and an understandable tax code that is above-board and not hidden behind the scenes for politicians to manipulate?

We are going past the era of good ideas from candidates and must now start to coalesce the good ideas of ourselves, as a people, and put forward platforms and those who will run on them to uphold them. That means stepping away from ‘great idea’ plans that will be flawed due to limitations of individuals or even small groups of individuals and, instead, draw on the wisdom of Army of Davids to drive out what is good and can be agreed-upon that may not satisfy all completely, but be a better way forward than this joke of a system we currently have. And it is a joke. And it will destroy us if we get to the punch-line.

ajacksonian on September 1, 2011 at 7:58 AM

In Jon Huntsman’s defense, he quit to run for president… Palin quit(I actually buy her excuse that she was harassed off) to run her reality TV show with Kate Gosselin.

ninjapirate on August 31, 2011 at 10:51 PM

There is absolutely no evidence of that, you made it up.

tinkerthinker on September 1, 2011 at 8:54 AM

This is not a good sign when you can’t get over 70 comments on the QOTD the off thread capital of the world.

Cindy Munford on September 1, 2011 at 8:58 AM

In Jon Huntsman’s defense, he quit to run for president…

ninjapirate on August 31, 2011 at 10:51 PM

But you always claim there is no excuse for quiting…ever.

tinkerthinker on September 1, 2011 at 9:03 AM

A little of this man goes a long way.

TimBuk3 on September 1, 2011 at 9:05 AM

This guy is polling less than 1%, less than Buddy Roemer! This “plan” may be interesting but Huntsman isn’t. He’s over. Big time.

Bachman is also going down in the polls, her day is over. Perry is exposing Romney’s weak support which is also now evaporating more and more so he’s on the way out. Perry is the flavor of the month but he has feet of clay which haven’t been fully exposed yet but they will be, we know that.

The next president is biding her time and will be making a big speech in Iowa this Saturday, Sept. 3 and then will be coming to NH for another Tea Party rally to fire up her base and bring more people on board her NH campaign.

Traditional campaigns using paid political mercenaries are pulling out of NH because they can’t afford the effort. Palin’s VOLUNTEERS from O4P and NH4Palin are growing in number all the time, in NH, in Iowa, in SC, and everywhere else, at no cost to her. GAME ON baby! Palin/West the 2012 Dream Team.

shmendrick on September 1, 2011 at 9:20 AM

That’s pretty good, but he has the corporate stuff backward: we should be eliminating the corporate tax and lumping dividends into personal income. Capital gains should probably work like retirement accounts in so much as not taxing them until money is withdrawn from them, instead of taxing them every time there is a transaction.

Count to 10 on September 1, 2011 at 9:22 AM

is this the least popular QOTD of recent memory? only 75 comments? usually there are 100+ comments by midnight and now its almost 9:30 PM. Huntsman gets a big yawn from the HA community.

TheQuestion on September 1, 2011 at 9:26 AM

I am seriously a huge fan of the fair tax. Will never happen though. The IRS and tax preparers, tax lawyers, CPA’s, etc. will never allow that to happen here. It is a shame.
carbon_footprint on August 31, 2011 at 10:45 PM

The “Fairtax” wouldn’t get rid of any of that– you would still need them to calculate and distribute the “prebait” as well as keep track of all of those taxable transaction. It would be just as complicated.

Count to 10 on September 1, 2011 at 9:27 AM

“But here’s the problem. The tax code, when combined with entitlements as now structured, overtaxes parents, and the child credit only partially offsets that effect. By abolishing the credit–a legacy of the Gingrich Congress and the Bush administration–Huntsman would be taking a step away from neutrality and toward a perverse form of social engineering.

It’s social engeneering to not pay people to have kids?

Count to 10 on September 1, 2011 at 9:30 AM

I think all the candidates want to eliminate the cap gain tax so there’s not much difference between them. They just change the % numbers here and there and voila you have a tax plan. A flat tax for all and if you decide to have kids, you should be able to afford them and not expect your neighbors to subsidize your procreation.

Kissmygrits on September 1, 2011 at 10:22 AM

Huntsman reminds me of Kerry for some reason, just not as much of a long face….

maineconservative on September 1, 2011 at 11:35 AM

Did Huntswoman say anything about the massive cap&tax BS he endorsed? Great, lower my income tax rate but jack up the price of everything by 25%. Someone needs to tell that lady her goose is cooked.

David in ATL on September 1, 2011 at 11:35 AM

This has to be the lamest QOTD in HotAir history.

Nobody cares about RINO Huntsman.

Norwegian on September 1, 2011 at 2:15 PM

Any candidate who does not put “REPEALING OBAMACARE” first on his/her agenda is wasting my time: that candidate does not understand the job.

Without this vital first step, we are merely shuffling the room assignments for citizens trapped inside the government torture chambers.

landlines on September 1, 2011 at 2:22 PM

test

DarkCurrent on October 9, 2013 at 11:33 AM