So, the American people will overwhelmingly vote to increase their own taxes to 20% on income and purchases? I seriously doubt that.
The justification for the rate staying low is that a rate increase would impact all and would receive much more scrutiny.
Getting a flat tax or fair tax would be the two best possible things that could happen to us. I am more flat tax than fair, but I see the benefits of either vs. the current mess. The presentation of a hybrid is not my preference, but it is the first serious proposal to get rid of the current mess since Forbes’ flat tax proposal 10 years ago.
The “American people” would vote today to elect idiotic Congressmen that will eventually raise Herman Cain’s national sales tax rate. And Herman Cain would be just happy as a pig in crap about that.
These are the same “American people” who elected those that passed Obamacare.