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Jan 2nd 2008

Brad Smith on Mitt Romney

A great argument in favor of Romney:

Governor Romney’s tax policy should make a libertarian’s mouth water. It begins with the no-brainers — make the Bush tax cuts permanent, eliminate the estate tax, and nix any increase in social security taxes. In addition, Romney has proposed substantial reductions in the corporate tax rate, where the United States rate is now one of the highest among the Western democracies, and in individual income tax rates, across the board. He has proposed eliminating all taxes on dividends and interest for those earning less than $200,000. One of Governor Romney’s most important yet overlooked proposals is to make all spending on health care premiums and medical expenses tax deductible, an initiative that will do much to rationalize health care markets by putting individual coverage on the same plane as employer-provided health plans.

Romney is a talented businessman with an understanding of how start-up enterprises and a dynamic, growth oriented economy work. He understands how Sarbanes-Oxley is costing the U.S. is predominant place in world capital markets, and will take an ax to the Washington regulatory machine. As the Club for Growth says, Governor Romney has “an intuitive appreciation for free markets.” It’s in his blood.

There are then others for Giuliani, Thompson and Paul from various libertarian law profs.

Hat tip: Instapundit. And check out his thoughts on the field.

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