Bush is considering a total re-write of the tax code and that SecTreas O'Neill is strongly pushing a national retail sales tax!
If this happens Bush can forget retiring to Crawford he'll be President for life.
LOL!!
It would certainly win Bush another four years in the White House and reelection for Republicans in congress. However, more important, replacing the graduated income tax with a NRST would set off a chain reaction of benefits:
- Boom the economy because productivity is not taxed; no tax on profits or hidden taxes/fees.
- IRS threats and coercion eliminated and replaced with, if you don't want to pay the tax, don't buy the item.
- 20% decrease in retail prices facilitates spending and partally offsets the retail tax.
- People will know how much leviathan government is really costing them, resulting in...
- Shrinking government to it's constitutional function to protect synonymous private-property rights and individual rights from domestic and foreign criminals while upholding the sanctity of private contracts.
- Freedom in United States leads to other countries doing similar or risk its citizens fleeing to United States to increase productivity here while enjoying the fruits/prosperity of their labor.