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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: HPilot who wrote (16326)	7/28/2009 3:38:22 PM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 103300

IMO the single best possible tax change that the US could enact would be to COMPLETELY REVAMP our ENTIRE CORRUPTED TAX CODE. Eliminate nearly ALL 'special tax preference items' and other loopholes and credits and special interest breaks, (that have accreted over many years), from the income tax code... and replace it with a flat rate income tax (no deductions), or if that is politically impossible at least something very close to that: a 'modified' flat rate system (get as close to a single tax rate for ALL INCOME, regardless of source, as possible!) That is the only way to maximize the US's economic growth potential: get the government out of picking the winners and the losers in our system, and let rational economic considerations (not the perverted desire of business and individuals to capture narrow-based tax advantages) motivate our actions. No more having our tax policies say that one man's work is more valued then another's... just get the government out of then 'special favors' game.

To: HPilot who wrote (16326)	7/28/2009 6:23:35 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

(Actually, around here people are lined up at the local auto dealers to take advantage of the "clunkers" Billion dollar subsidy, before it runs out.) As for the new extra fat tax credit for insulating your home to a higher R-value, I hear that has ginned-up a lot of business for the contractors and home repair chains that are in the biz of doing that.) And --- although both of these things are, (obviously), targeted subsidies delivered via way of the tax codes... they are also there not even primarily for 'stimulus' but more to reduce the energy usage in this country. Long-term conservation, in other words, or 'energy security'. (And, as far as the "clunkers" idea goes... we copied it from Europe, where it was hailed as a resounding 'success' at getting lower mileage vehicles off the roads.)