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Politics : PRESIDENT GEORGE W. BUSH
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To: Thomas A Watson who wrote (307395)10/11/2002 12:27:13 PM
From: DuckTapeSunroof  Read Replies (2) of 769670
 
How about tearing up the corrupt, most-complicated-in-the-World, U.S. federal tax code and starting with a clean sheet of paper?

No more National Industrial Policy, Special Interest tax loopholes, pork, draining the blood of competitive free market industries to subsidize well-connected 'sunset' sectors who have come to rely on their handouts.

No more $200 billion each year in 'compliance costs'... no more armies of tax accountants and consultants needed to game the system... no more need for off-shore shelters and cooked books.

The money saved in compliance costs and forgone loopholes for fat cat special interests can be returned to the people in LOWER OVERALL RATES for everyone.

And how about considering ALL federal taxes as a whole? Reducing both income and payroll taxes!

They can keep three deductions: 1) the home mortgage 2) charity 3) R&D for business, and toss all the rest.

The BOOM in investment and productivity ignited by ending the attack on free market industries (by corporate welfare receipients, and fat cat loophole lovers) would cause growth rates to soar and middle class income growth to restart.

Any chance of that happening? Or will it just be more handouts to special interests and favored industries?
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