Jon Huntsman, who will be releasing his jobs plan later today in New Hampshire, has a new web video out today:
UPDATE: Reuters’s James Pethokoukis has some details on the plan:
Huntsman says he would do the following:
1) Eliminate all deductions and credits in favor of three drastically lower rates of 8%, 14% and 23%.
2) Eliminate the Alternative Minimum Tax.
3) Eliminate taxes on capital gains and dividends in order to eliminate the double taxation on investment.
4) Reduce the corporate rate from 35% To 25%. Huntsman would also shift to a territorial tax system and implement a tax holiday for the repatriation of foreign earnings.
Pethokoukis also has some praise:
At first glance, this looks like perhaps the most pro-growth, pro-market (and anti-crony capitalist) tax plan put forward by a major U.S. president candidate since Ronald Reagan in 1980.