Rudy Giuliani Attacks Mike Huckabee on “Fair Tax” Proposal

Rudy Giuliani criticized the “fair tax” proposal crafted by fellow Republican presidential hopeful Mike Huckabee, calling the plan a waste of time.

Giuliani, who was campaigning in Greensboro, N.C. on Monday, said Huckabee’s plan would be detrimental to home buyers who have come to rely on the home mortgage deduction each year as a tax break. Under the Huckabee “fair tax” proposal taxes on income and investments would be eliminated while federal sales tax would increase significantly.

By eliminating taxes on income and investments the “fair tax” would also eliminate the tax deductions that went with them. Giuliani noted, “The home mortgage deduction is considered by many critical to the ability of people to buy a home and keep their home.”

In addition to eliminating home mortgage deductions, the “fair tax” would also be the end of deductions for charitable contributions.

Giuliani doubted the viability of such a plan and said “Why waste our time trying to do this if we can't actually accomplish it? I try to put my time into things that we can actually accomplish.”

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