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2012 Election -- GOP Candidates

I know. It's still early, but there is a lot going on in the GOP Presidential race. Who are you supporting?

Here are links to the websites of the top 4 GOP candidates. Read, study and listen. It is important that we are "informed voters" when we go to the polls next year!

I haven't decided yet who I will be supporting. Right now, I am leaning towards Mr. Gingrich even though I have a slight aversion to career politicians. I like Mr. Cain, but his 9-9-9 plan doesn't seem very workable to me and, he winds up spending so much time explaining it that he is unable to share his positions on other issues. Mr. Perry seems to struggle in front of people, as do I, but I really like his flat tax proposal. (I supported the flat tax when Mr. Forbes ran for President.) And, I'm not sure what it is, but I just don't care for Mr. Romney as a candidate.

Let me know what you think!

Flat or Fair?

Cain's 9-9-9 is supposed to be an interim until the FairTax can be passed. That includes (requires) that the 16th Amendment be repealed in order to safeguard against any resumption of income taxes.

I think the FairTax is superior to a simple Flat tax in that it deals with those at the lowest income levels without creating special interests.

Visit http://www.fairtax.org/ for details on this plan.

Flat tax with fixed deduction is best ...

I believe the flat tax with a single, fixed deduction for each dependent is best. It eliminates the special interests associated with other possible deductions. It also ensures that "those at the lowest income levels" will still pay no taxes.

The only real problem I have with the FairTax is the 16th Amendment. I do not believe anyone will be able to muster the votes necessary to repeal the 16th Amendment. And, without it being repealed, there is no way I would support the implementation of a consumption tax.

Be Fair

What's good about taxing income? Isn't the general rule something along the lines of "if you want less of something, tax it"?

Changing to a consumption tax would permit a huge growth in savings and investments.

I'd opine that there's a huge amount of willingness to repeal the 16th Amendment after decades of seeing what taxing "income from whatever source derived" has done to us. The roadblock to repeal would be the special interest groups who most benefit from buying legislative loopholes.

But if the Tea Party can arise from the collective angst, there's hope.

Good to chat with you again after so long, Mike.
/e

True ...

You are correct about the general rule. And, if the 16th Amendment was repealed, then I would definitely support the FairTax. That is the only thing holding me back.

However, in the mean time, it would be great for everyone if we could get the flat tax in place. I think that could be done now while the process of repealing the 16th Amendment was carried out.

And yes, it was great chatting with you again.