Republican presidential candidate Rudy Giuliani said Friday that the alternative minimum tax — which is expected to generate as much as $1 trillion over the next 10 years — could be eliminated by balancing it out with even more tax cuts.
Giuliani's remarks prompted a bewildered response from his audience of technology executives. Both Republicans and Democrats said they assumed that the candidate must have misspoke as he responded to a question about the tax and its affect the middle class....
Giuliani told the 700-member audience of the Northern Virginia Technology Council that he wants to cap the tax, and perhaps eventually eliminate it altogether.
"Over time we can figure out how to eliminate it. ... If we were going to eliminate it, though, we'd have to balance it with additional tax cuts," Giuliani said, leaving confused expressions on his audience. "That might be by making the Bush tax cuts permanent."
It's rather clear that he didn't misspeak. Giuliani is playing a cute game of pandering to the right, saying things he doesn't believe, and now he's tripping over his lies.
