Tax Reform

[Grantref]

Originally posted by Grantref
I have no idea what I'd like to see it end up as, but a national sales tax on everything except the necessities of life (food, heat, energy, clothing, broadband internet access, etc.) would probably be better than the labyrinthine tax code we have now.

I suspect it will end up being another tax break for the rich and lead to a national debt that will end up being more per capita than the average american will ever earn in their lives.

Aha. I was right.

...The administration plans to push major amendments that would shield interest, dividends and capitals gains from taxation, expand tax breaks for business investment and take other steps intended to simplify the system and encourage economic growth, according to several people who are advising the White House or are familiar with the deliberations.

The changes are meant to be revenue-neutral. To pay for them, the administration is considering eliminating the deduction of state and local taxes on federal income tax returns and scrapping the business tax deduction for employer-provided health insurance, the advisers said.

Yeah, that's what we want... fewer people being insured because their employers no longer can afford it. Raising taxes on the lower and middle class by taxing the taxes they already pay. Way to be a "Compassionate Conservative".

Weren't people opposed to Kerry because of the supposed raises in taxes he was supposedly going to support?