[Cincinatus' Wife]

Flat tax time!

[comebacknewt]

Forbes would be a phenomenal Secretary of the Treasury or Fed Chairman.

[llandres]

“Flat tax time!”

Amen to that (and Steve Forbes would be great in a major financial position). SO many pols keep touting the “fair tax” - Huckabee and Boortz are huge proponents. But Allen West explained the difference between that and a flat tax well. The fair tax, or consumption tax, could easily be pushed by BHO and Progressives to become a Value Added Tax (VAT) which is breaking Europe, in ADDITION to our federal income tax (rather than in place of)!

West said that while the Fair Tax is a great end goal, we need a Flat Tax as a bridge to it - because the only way to have a Fair Tax and not break the backs of most people would require doing away with ALL other taxes - federal income tax, capital gains tax, all of it. Doing that will require a repeal of the 16th Amendment, a process which takes some significant time. So meanwhile, institute a Flat Tax around, say 13%. A “Fair Tax” should NEVER be passed until all other federal taxes (primarily income tax) are repealed.

Go Flat Tax!