ACA Repeal/Replace: Progressives Face Moral Dilemma

[David Horn]

(09-04-2017, 09:20 AM)Kinser79 Wrote: Well for me I would like to repeal the 16th amendment, but I don't think that's going to happen.  For a compromise I would accept a flat tax, no exemptions, no loopholes, no credits, no other bullshit.  It isn't perfect but it would put the IRS out of a job essentially.

As with Health Care Congress has to do its job so the President can do his.  Over all I would say that the corporate income rate needs to be lowered drastically say closer to 10-15% and loopholes need to be closed.

OK, but how much are you willing to pay? The Federal budget is roughly 20% of GDP. A flat tax is simple, until you have to pay. Cutting the corporate rate makes your part about 25% of everything you earn. Most people pay far less. If you are OK with that, then fine.