Today. I'll cover the Republican candidates. The top GOP contenders are competing for recognition as tough tax cutters and budget balancers...but they would leave it to market forces to fuel economic development and solve the subprime mortgage crisis. They are generally unified in their belief that fiscal discipline and low taxes are crucial to maintaining the low-interest rate environment that underlies healthy real estate markets.
Rudy Giuliani would make President Bush's tax cuts permanent, would eliminate the estate tax, and index the Alternate Minimum Tax to inflation.
Mitt Romney suggests zero taxes on investment for households making less than $200,000 a year.
Fred Thompson goes even further. He would dissolve the IRS in its current form and "create a new tax code based on simplicity, fairness and economic growth."
John McCain says that he would prohibit government from taking property for economic development, and that he would appoint judges who take a strict constructionist view of private property rights. Most amazing of all...he pledges to balance the federal budget.
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