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To: federal__reserve

This should be a lively thread. Cain himself addressing many of the same claims I’ve heard many times on FR.


3 posted on 10/17/2011 11:18:07 AM PDT by RockyMtnMan
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To: RockyMtnMan

I’m in the camp of “it won’t get out of Congress.”

Anyone who has looked at the Congress in the last 20 years knows why it won’t get out of Congress.

Simplifying the tax code strips Congress of their power.

Look at what happened after the Reagan tax reform of ‘86. We crushed the layer cake of brackets, got rid of dozens of cherished deductions and tax shelters in the code.

In the next 20 years, Congress sold their ability to put those back in to the highest bidders.

Selling tax code changes is 80% of the business of Congress and is the real source of their power.

Before the creation of the IRC, Congress wasn’t in session anywhere nearly as much per year as they are now.

The only way this plan gets through the Congress is a POTUS has to declare martial law, use the Marines to imprison all of Congress, pass it by fiat and get the country operating on it for two full tax years before releasing Congress from prison. Once people become accustomed to the reduction in paperwork and have sorted out the changes, they’d prefer that to the amount of money and time spent dealing with the current tax code, even if they’re paying some more.


16 posted on 10/17/2011 11:38:23 AM PDT by NVDave
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