[neverdem]

If McCain really believed in reform, he would go for it.

[Diana in Wisconsin]

Go, Paul! Go! I’m tempted to move to your area so you can represent me. :)

“Moreover, Ryan finances the entire transition to these accounts by reducing government spending, primarily through the other entitlement reforms.”

However, it’ll be DOA once this current boneheaded Congress sees it. Worst. Congress. Ever.

[fieldmarshaldj]

I thought they were talking about the soap. That’s my favorite soap. ;-)

[johnthebaptistmoore]

This is all for political posturing and nothing else, because the leftists in Congress truly won’t allow any of these things to really happen. Ditto with the next Congress as well.

[Man50D]

Indeed, the total Ryan package introduced this morning includes sweeping tax reform as well. It would allow workers to choose an optional modified flat tax with a rate of 10% for single filers earning less than $50,000 per year and for joint married filers earning less than $100,000 per year, and a rate of 25 percent for amounts earned above those limits.

There is nothing sweeping about tinkering with the existing tax code that has been "simplified" in the past and each time has resulted in more tax regulation. Ryan's flat tax on income proposal is another version of the failed flat tax system that was enacted in 1913. The first tax ranged from merely 1% on the first $20,000 of taxable income and was only 7% on incomes above $500,000. Most people paid the 1% tax as so few earned more than $500,000 in 1913. Another flat tax on income will only revert to the incomprehensible 67,000+ page tax code we have today only faster thanks to the thousands of lobbyists that didn't exist in 1913.

The income tax code is broken and beyond repair. It needs to be replaced with a tax system that restores the power and freedom to the people as was intended by our founding fathers when they wrote the Constitution that has been incrementally taken away since 1913 with the income tax by giving people the choice as to when and how much they are taxed. The Fair Tax Act Of 2007(HR25/S1025) currently before Congress will achieve that goal. Fair Tax ping!

[Vigilanteman]

This is a great plan! Offered in combination or even as an either-or with this plan, and the America which pays the tax revenue might just insist that the America which consumes the tax revenue be forced to make a choice other than continue to pick the pocket of the America which produces.

[foxfield]

It would allow workers to choose an optional modified flat tax...

The last thing we need is more choices and more tinkering.

What we really need is something along the lines of the FairTax.

[Clintonfatigued]

There could be another Ryan’s Hope- a McCain/Ryan ticket. I wouldn’t rule it out, given that Tommy Thompson isn’t interested.