Not crazy about Jon Huntsman and his attempts to appeal to moderate voters in the primary, but his tax proposal looks interesting:
Rather than nibble around the edges of the existing tax code, Gov. Huntsman will introduce a revenue-neutral tax plan that eliminates all deductions and credits in favor of three drastically lower rates of 8%, 14% and 23%. Eliminating deductions and credits in favor of lower marginal rates will yield a simpler and more efficient tax code, decreasing the burden on taxpayers.
He also would eliminate the alternative minimum tax, eliminate taxes on capital gains and dividends and reduce the corporate from 35 to 25 percent. This isn't likely to go anywhere -- eliminating all deductions is something even the most daring fiscal conservatives have been afraid to propose. But sometimes pushing the most radical proposal can be a way to get the discussion unstalled.
