So long as the Pubbies control the budget and want to fiddle with taxes, here's what they should do (mutatis mutandis).
The Republican-led House will vote on a bill to abolish the IRS and replace the existing income tax system with a wide-reaching consumption tax....
...The bill, which has a near zero chance of becoming law during this Congress, envisions simplifying the tax code by scrapping the income tax, payroll tax, corporate taxes, gift taxes, and the death tax altogether and replacing them with a nationwide consumption tax on goods and services. The IRS as an entity would also be killed by the legislation.
The "Fair Tax" plan is one that has been touted by conservative lawmakers for more than two decades, although it has never gained widespread acceptance within the GOP and is vehemently opposed by Democrats...
(Typically, "Fair Tax" plans have large personal- and dependent-exemptions, although that is not mentioned in the linked article.) More on the matter is at PowerLine.
Democrats oppose it because it doesn't give them the ability to jigger the system in favor of their pals. The Chamber of Commerce Republicans oppose it because it doesn't give them the ability to jigger the system in favor of their pals. Both of them oppose it because it eliminates the IRS.
Notice the similarity?
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