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Fred Thompson: The Reagan Heir on Taxes in 2008?

Now that Fred Thompson has made clear he'll enter the 2008 race next week, the debate can begin over whether he really is Ronald Reagan's heir--at least on tax cuts.

Yesterday, conservative tax cut mavens Grover Norquist and Dan Mitchell told me they consider Thompson suspect on taxes--in part because of his refusal to rule out tax hikes for shoring up Social Security and Medicare. (video below starts out with a look at where Democrat AND Republican candidates currently stand on taxes.)

But today, Pat Toomey of Club for Growth told me the Club's forthcoming report on Thompson and taxes will declare the former Tennessee senator solid on the issue. Let the debate begin!

Questions? Comments? Write to politicalcapital@cnbc.com.