Yes, it is true that Income Taxes are too high.
But we are too low on the Laffer Curve for tariffs.
We should be shifting our tax policy to lower the income tax by increasing the tax on imports.
The First Federal Revenue Law
On April 8, James Madison, once again a congressman from Virginia, addressed the House. He went right to the point. Congress, he said, must "remedy the evil" of "the deficiency in our Treasury." He argued that "[a] national revenue must be obtained," but not in a way "oppressive to our constituents." He then proposed that the House adopt legislation, virtually identical to the unimplemented Confederation tariff, imposing a five-percent tariff on all imports....
...A single, uniform tariff, he insisted, had two advantages. First, it could be imposed quickly, which was important because "the prospect of our harvest from the Spring importations is daily vanishing." Second, it was consistent with the principles of free trade ("commercial shackles," he said, "are generally unjust, oppressive, and impolitic")
Laffer was on Rush last week, a guest with Roger Hedgecock or Mark Billings, I forget which.
Interesting. Revenues didn't start going up until we got capital gains and dividend tax cuts, which GWB strongly opposed until he saw his reelection chances slipping away.