Draggingtree Posted May 24, 2015 Share Posted May 24, 2015 The Federalist: Fiscal Fights with Friends: Responding to Reihan Salam’s Argument Against The Flat Tax MAY 20, 2015 By Daniel J. Mitchell In my ultimate fantasy world, Washington wouldn’t need any sort of broad-based tax because we succeeded in shrinking the federal government back to the very limited size and scope envisioned by our Founding Fathers. In my more realistic fantasy world, we might not be able to restore constitutional limits on Washington, but at least we could reform the tax code so that revenues were generated in a less destructive fashion. That’s why I’m a big advocate of a simple and fair flat tax, which has several desirable features. The rate is as low as possible, to minimize penalties on productive behavior. There’s no double taxation, so no more bias against saving and investment. And there are no distorting loopholes that bribe people into inefficient choices. Link to comment Share on other sites More sharing options...
Draggingtree Posted May 24, 2015 Author Share Posted May 24, 2015 Fiscal Fights with Friends, Part II: Grading AEI’s Big-Picture Tax and Budget Reform MAY 21, 2015 By Daniel J. Mitchell The American Enterprise Institute has published a comprehensive budgetary plan entitled, “Tax and spending reform for fiscal stability and economic growth.” Authored by Joseph Antos, Andrew G. Biggs, Alex Brill, and Alan D. Viard, all of whom I know and admire, this new document outlines a series of reforms designed to restrain the growth of government and mitigate many of the tax code’s more punitive features. Compared to current law, the plan is a huge improvement. But huge improvement isn’t the same as perfect, so here’s my two cents on what’s really good, what’s partially good, and what has me worried. I’ll start with something that’s both good and bad. According to the latest CBO estimates. http://thefederalist.com/2015/05/21/fiscal-fights-with-friends-part-ii-grading-aeis-big-picture-tax-and-budget-reform/ Link to comment Share on other sites More sharing options...
Valin Posted May 24, 2015 Share Posted May 24, 2015 The Tax Code: Make It Flat Steve Forbes March 7 2014 If Republicans and pro-growth Democrats had their wits about them, they would push the flat tax. The need for a simple flat tax was underscored recently by the comprehensive tax reform plan released by the outgoing chairman of the House Ways & Means Committee, Dave Camp (R–Mich.). The chairman decided to work with the existing tax code and has attempted to change this monster into something that encourages more economic growth. He deserves all the plaudits possible for his heroic effort. (Snip) _____________________________________________________________________________________________________________________________________ Link to comment Share on other sites More sharing options...
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