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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (730779)	3/10/2006 4:22:14 PM
From: CYBERKEN	Read Replies (2) \| Respond to of 769670

One of the true reforms will eventually come about under the pressure of global competition-with other productive nations pulling ahead of us, (like Texas, Nevada, and their like have pulled ahead of New England and New York.) For the present, a National Capital Formation Act would supercharge our economy: 1) Eliminate the federal taxes for dividends, interest, capital gains, and the corporate income tax. 2) Cap the income tax rates at 25%. 3) Eliminate the tax on estates, gifts, and the AMT. One advantage: With no more corporate income tax, 90% of the lobbying would disappear. Note: One of the biggest lobbyists AGAINST the flat tax with no deductions is H & R block. That alone should shame Congress into passing it...