Americans For Tax Reform, ATR, presidential candidate tax positions

At a meeting with Patrick Gleason, State Coalitions Manager of Americans for Tax Reform, ATR, he shared a matrix of the front runner presidential candidates pro-taxpayer positions. Note. I have deleted Fred Thompson who has dropped out.

1) Taxpayer Protection Pledge:

YES. Giuliani, Huckabee, Romney

NO. McCain, Clinton, Edwards, Obama

2) Bush Income & Investment Tax Cuts Permanent

YES. Giuliani, Huckabee, McCain, Romney

NO. Clinton, Edwards, Obama

3) Permanent Death tax Repeal

YES. Giuliani, Huckabee, Romney (McCain supports A 15% death tax rate)

NO. Clinton, Edwards, Obama

4) Repeal the Alternative Minimum Tax

YES. Giuliani, McCain

NO. Huckabee, Romney, Clinton, Edwards, Obama

5) Alternative system

YES. Giuliani (Huckabee supports the FAIR tax)

NO. Romney, McCain, Clinton, Edwards, Obama

6) NEW Capitol Gains Tax Rate Cut

YES. Giuliani

NO. Huckabee, McCain, Romney, Clinton, Edwards, Obama

7) Corporate Income Tax Rate Cut

YES. Giuliani, Romney

NO. Huckabee, McCain, Clinton, Edwards, Obama

8) RSAs/LSAs, ERSAs

YES. Giuliani, Romney

NO. Huckabee, McCain, Clinton, Edwards, Obama

9) Health Care tax Reform

YES. Giuliani, Huckabee, McCain, Romney

NO. Clinton, Edwards, Obama
OK. I am sure that someone will ask what is a RSA etc. Good question.

Retirement Planning and Tax Policy
The proposal is to eliminate most existing forms of tax-advantaged retirement plans, and replace them with three new ones. Two of the new ones would essentially be Roth IRAs for individuals: the LSA (Lifetime Savings Account) with no withdrawal penalties at any time, and the RSA (Retirement Savings Account) with a substantial penalty for withdrawal prior to age 58. Contributions of up to $7,500 per person per year would be permitted into each plan. The third new plan would be the ERSA (Employer Retirement Savings Account), which could be modeled on the 401(k) plan with the same contribution limits as 401(k)s, but with considerably eased non-discrimination rules, and with the option of making contributions on a pre-tax or post-tax (i.e., Roth) basis.

Google bails me out again.


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