In ALL FAIRNESS we should not be talking about eliminating some tax breaks and keeping others.
If we eliminate all, 100% of deductions, exemptions, exclusions and credits, raise the “standard deduction”, set a floor beneath which the poorest pay no tax, and set a single flat tax that applies to everyone, then MOST folks would get a tax break.
And that one act - a universal flat tax with no deductions, exemptions, exclusions and credits, by eliminating 100% of the social & economic engineering in the tax code - would be such a boost to the economy (people and companies making decisions based on natural financial reasons, not to get a better tax break) that it will take care of the issue of being “revenue neutral”.
Why the RINOs don’t propose it? It takes off the table the buying and selling of votes and influence with rules added to the tax code, and with that the use of the tax code to get political contributions for the next election campaign.
I would LOVE to see this flat tax proposal become a Constitutional amendment, leaving Congress only the ability to raise or lower the one universal flat tax, NOT pick and choose whose ox will get gored and whose won’t.
“And that one act - a universal flat tax with no deductions, exemptions, exclusions and credits, by eliminating 100% of the social & economic engineering in the tax code - would be such a boost to the economy (people and companies making decisions based on natural financial reasons, not to get a better tax break) that it will take care of the issue of being “revenue neutral”.
Precisely correct.