GIULIANI TELLS NEIL CAVUTO THAT A $1 TRILLION TAX INCREASE
“WILL DO TREMENDOUS DAMAGE TO THE GROWTH OF THIS ECONOMY”

Courtesy of Fox and Your World with Neil Cavuto

In a broadcast exclusive with Neil Cavuto, Republican presidential candidate, Rudy Giuliani, talks about Stan O’Neal’s pay package, what an increase in taxes will do to our economy, and Charlie Rangel’s proposed tax plan. The complete interview will air on FNC’s Your World w/ Neil Cavuto today at 4PM ET. Segments of the interview will also air on FBN’s Cavuto today at 6PM ET.

Below are the excerpts.

ON FORMER MERRILL LYNCH CEO, STAN O’NEAL’S, PAY PACKAGE:
“We’re great because we have a tremendously great free market and private market. And owners and shareholders have to decide what the pay is. If they want to pay people too much, they’re the owners, they’re the shareholders; they can do it… that’s a much better way for our economy to grow than a bunch of sectional (ph) planners in Washington saying, well, that should be somebody’s pay and that should be somebody’s pay.”

ON RAISING TAXES:
“Any increase in capital gains right now will cost the government money. And they’re [Democrats] not telling you this. The last time we raised the capital gains tax, from 20 to 28 percent, the government lost $45 billion.”

“Capital gains, corporate tax, marginal tax rates should all be lowered competitively. The inheritance tax should be done away with. We should give the death penalty to the death tax. What I just said to you is not only my approach and my program, that happens to be the program of the president of France, Nicolas Sarkozy.”

ON CHARLIE RANGEL’S PROPOSED TAX PLAN:
“I respect Charlie Rangel for doing it. I think he set forth Barack Obama and Hillary Clinton and John Edwards’s dreams. I mean, this is what they want to do…Well, he put the price tag on their promises… None of them rejected it, because they’re going to do it. And they’re going to do it more than they’re saying.”

“A $1 trillion tax increase will do tremendous damage to the growth of this economy. It shows a complete lack of understanding of how a global economy works.”

If you would like the whole transcipt, email me and I will send it to you

By