I don’t see anything about moving to a flat tax.
What I see is a tax increase.
They’re not reforming the tax code - its just sucking money out of the productive sector of the economy and giving it to the government.
Both parties want to rape and tell us its for own good. But it hurts more when Republicans are doing because they’ve said for years we should shrink government in Washington.
They’re doing the exact opposite of what they told voters they would do.
They seem to forget why they lost their House majority in 2006.
Show me where rates will increase and failing that which you will, show me the difference between eliminating deductions to increase revenue and the flat tax plan which depending on whose you look at will RAISE rates to 20% for some while lowering them from 35% for others while eliminating almost ALL deductions.
BTW, this is being selectively reported on as to the specifics but I do agree that big spending cuts need to accompany any other sources of revenue increases.
What is your understanding of this proposed “deal”?
As I understand it, it is eliminating deductions in exchange for lower rates. I would not have a problem with that. That is flattening the tax code.
Please explain specifically to me if I’m wrong.