Wednesday, August 31, 2005
Flatter-y Will Get You Everywhere
On tax reform, Steve Forbes has the right idea.: "President Kennedy had it right, lower tax rates are 'the rising tide that lifts all boats.' Steve Forbes estimates his 17% flat tax would increase annual federal revenues $56 billion. A simple flat tax instead of the complex current IRS tax system would free up six billion hours a year of our time and many billions of our income dollars, which are currently expended complying with our tax laws, to spend working harder and investing more in our communities.
Such a tax reform plan meets America's goals: It is simple and understandable, applies to everyone, gets government the revenues it needs, and would end congressional manipulation of the tax system. Most important, America needs stronger economic growth, and the flat tax would help generate it."
Such a tax reform plan meets America's goals: It is simple and understandable, applies to everyone, gets government the revenues it needs, and would end congressional manipulation of the tax system. Most important, America needs stronger economic growth, and the flat tax would help generate it."
