I’m always amazed how they (politicians) pull a taxing percentage out of their asses.
Flat tax all around, I don’t think so. Because the little people will end up paying corporate taxes via price increases.
Make it a flat tax for businesses and a commodity-less consumption tax for the little people. This way Congress get a steady inflow of taxes from business and Congress has to figure out how not to interfere with consumers buying or they will hurt their own tax receipts.
I don’t see where Congress needs more taxing power of GDP than 10%...ever, except for self defense, in which case Congress would probably declare (economic) war via so called foreign countries’ price attacks and then continuously hold the tax rates at 50%.
None of this really matter if the banking system melts down tomorrow. Of course that will be a chance to start over again and Congress can go back to spending more than they take in.
What makes you think they don't already??
"Make it a flat tax for businesses and a commodity-less consumption tax for the little people."
How about NO separate tax on businesses, and a national sales tax anything except food, housing, and prescription drugs. Both businesses and individuals pay the sales tax.