Rudy Giuliani unveiled what his campaign is calling the “largest tax cut in the history of America” in Florida yesterday.

From Giuliani’s Web site the proposal would:

• Makes all the Bush tax cuts permanent, including full repeal of the death tax.
• Index the alternative minimum tax (AMT) to inflation, and eventually repeal it.
• Reduce the corporate income tax from 35 percent to 25 percent
• Cut the capital gains and qualified dividends tax rate from 15 percent to 10 percent and will index capital assets to inflation
• Replace the dozens of tax-advantaged savings accounts with a simplified system of Retirement Savings Accounts and Lifetime Savings Accounts.
• Give all Americans the ability to purchase health insurance pre-tax through a health care standard deduction.
• Create an alternate “Fair And Simple Tax (FAST)” system that American families and small businesses could choose to go into each year, with a three-bracket structure, a 30 percent top rate, and only the most popular deductions in place.