Republican presidential candidate, Newt Gingrich has recently release his "21st Century Contract With America". The outlined tax proposals within it include a replacement of the health reform law with a tax credit or deduction for healthcare costs, lower corporate tax rates, and repeal of capital gains and estate taxes. The proposals also provide a 100% expensing for depreciable business assets, and the allowance of an optional flat tax.
See "Gingrich's 'Contract' Includes Tax Cuts, Optional Flat Tax," 2011 TNT 230-33 (Nov. 30, 2011).
Posted by Andrew Hodes, Associate Editor, Wealth Strategies Journal.
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