[RayChuang88]

If the economy goes into double-dip recession (as many experts claim), watch for both houses of Congress to "flip" to the Republican majority control in the November Congressional elections and that could finally force President Obama to do the very thing that will save the American--and eventually the world's--economy: MASSIVE income tax reform, specifically changes to encourage Americans to keep their personal savings and capital investments in the USA.

As I've said many times before, our income tax system is a HUGE detriment to economic recovery. Clean that up and our economy will rocket up in no time flat.

[taildragger]

Yes you are correct...

15% Corp Tax rate = to the 15% Cap Gain and Div. Tax would make it so simple to comprehend.

Flat Tax IMHO is the answer.

"K" Street is the enemy and their vehicle is the Tax Code and Contributions. Cut them off at the knees politically via a Flat Tax. Steve Forbes was so right on this and nobody wanted to listen.

It is critical to get "K" Street out of the way as massive Downsizing/Rightsizing of Govt must also occur as a parallel process to this new tax system.

Things like NPR, Amtrak, National Endowment for the Arts have to go, All Dept's 30% (at a minimum) cutbacks and they must find a way to make it work. Dept's will need to be closed i.e. Education, Energy. Then onto the big nuts Medicare, Medicaid and SSI.

All these cannot be tackled with the farmers of K Street still fat-ting the pigs...