[SolidSupplySide]

What would happen if we entirely did away with this bit of subtrafuge called the corporate income tax?

Then we would be using the tax code to influence economic decsions. Eliminating the corporate income tax would make land and capital tax-preferred over labor. A good tax policy would make producers indifferent between the three inputs of production: land, capital and labor.

I know you prefer tax policy to be decided on emotion rather than economics (I've seen your support of the Fair Tax). But give the reins over to the Supply Siders and you will make the economy as efficient as possible.

[Marxbites]

Are you saying we should keep corp taxes as is?

Forbes yes - Boortz no!

[Bigun]

I know you prefer tax policy to be decided on emotion rather than economics (I've seen your support of the Fair Tax).

Sorry to disapoint you my friend but emotion does not enter in to it as I see it. We needlessly waste upwards of 250 billion (very conservative estimate) a year dealing with the income tax which could be put to more productive uses. And that doesn't begin to touch the FREEDOM issues involved!

[Conservative Goddess]

I guess Alan Greenspan is/was wrong?

http://www.freerepublic.com/focus/f-news/1566159/posts?page=24#24

[pigdog]

Your claim about eliminating the income tax makes no sense at all. Congress can (and does) easily manipulate the tax code presently to "favor" or "punish" whatever category or behavior they wish.

The FairTax removes that ability (to selective reward and punish while hiding such shenanigans in the tax code) since its effect is quite visible to all and favors no groups or special interests while the income tax is replete with such instances.

[Zon]

How to turn around the trade deficit and create a large and solid mass of new jobs.

Rep. Bill Archer, Chairman, House Ways and Means Committee:

"A recent survey was done, in Europe and Japan, of the major corporations and I was astounded at the results. They were asked, 'If the US abolished its income tax and went to a sales tax, would that have any impact on your decisions?' Eighty percent of the corporations said they would build their factories in the United States of America. Twenty percent said they would move their international headquarters to the United States of America." 

There exists tax competition among governments. It's not a matter of if consumption-based sales tax will gain dominance the world over, but when, and which country will lead the charge and which countries will play catch up.

The United States must take the lead.

That's the short list. For more information see fairtax.org or search: "national sales tax" OR "national retail sales tax"

[EternalVigilance]

But give the reins over to the Supply Siders and you will make the economy as efficient as possible.

This is quite an admission...you're clearly showing that you want to retain the social and economic engineering aspects of the income tax.

Sorry, but in my mind, you're no more help in restoring liberty and prosperity than the most vociferous defender of the graduated income tax system.