So far sounds good...looking forward to hearing it in full tomorrow.
I don’t find anything about the plan that sounds good.
A flat tax is supposed to, at the minimum, simplify the tax code and this leaves the present tax code in case — which is absolutely horrible and even more horrible since we have the chance at this time in history to stick a knife in it — and ADDS ON TOP OF THE CODE a new, separate set of tax provisions called the “optional flat tax.”
This is worse and more convoluted than what we have now!
This will do nothing to get rid of the billions wasted every year in compliance costs. In fact, it will INCREASE compliance costs, because there will be a new system to comply with, audit and enforce, and, not only that, some people will choose to be in it and others won’t.
This does not address crony capitalism.
It does not address the huge amount of federal taxes presently embedded (”hidden”) in the price of consumer goods.
It does not make everybody pay something into the system.