Dec 1, 2007 11:23 am US/Pacific
Fred Thompson To Conduct Orange County Rally
LAGUNA WOODS (CBS) ―
Former Tennessee Sen. Fred Thompson is scheduled to speak at a Laguna Woods rally and conduct fundraisers in Newport Coast Saturday in his campaign for the Republican presidential nomination.
Thompson will "discuss why he is the best candidate, provide contrasts with other candidates and provide his vision for a safer, more secure and more prosperous America," an aide said.
The Orange County campaign trip was originally scheduled for Oct. 29, but was postponed "out of respect for the families in Southern California who have suffered devastation" from the wildfires, his campaign said.
This visit will come six days after Thompson proposed a seven-point tax plan which permanently extends the 2001 and 2003 tax cuts; repeals the inheritance tax and alternative minimum tax; reduces the corporate tax rate; and gives taxpayers the choice of filing under the current tax code or opting for a flat tax code, which would contain two rates.
"The solutions to the challenges in our economy are found in homes and small businesses of ordinary Americans, not in the halls of Washington," Thompson said. "My plan allows Americans to have greater control of their own money."
An analysis by the Congressional Joint Committee on Taxation of a similar flat tax plan found that it would result in a loss of $2.5 trillion in revenue to the federal government over 10 years, The New York Times reported.
Thompson told "Fox News Sunday" that such studies "always overestimate the losses to the government" and that tax cuts would spur the economy, eventually leading to greater revenues.
Thompson will be the second of two presidential candidates to visit Orange County in three days. Democratic front-runner Sen. Hillary Rodham of New York spoke Thursday at the third annual Global Summit on AIDS at
Saddleback
Church in Lake Forest.
(© 2008 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)
