Republican presidential candidate Rudy Giuliani today criticized the "fair tax" proposal pushed by rival Mike Huckabee during a campaign stop in Greensboro.
The former New York mayor says the struggling housing market is a reason to avoid the plan, which would eliminate taxes on income and investments in favor of a hefty federal sales tax.
Giuliani says there are several tax deductions that are vital to the economy. He says now is not a good time to end the home mortgage deduction. Giuliani says he's not sure if that would ever be a good idea.
The says the home mortgage deduction is considered by many people to be critical to the ability of people to buy a home and keep their home.
He also says deductions for charitable contributions and state and local taxes are important.
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