« Authority of NVTA to Levy Taxes | Main | Helps Explain Why There's No Money for Roads »

Advice to Congress: Go with the Flow

Or better yet, when Congress finally gets around to overhauling the Tax Code, it should follow the worldwide trend, which is towards a ‘flat tax.’

On Monday, the National Taxpayers Union issued this press release in which it said:

“As House Ways and Means Committee Chairman Charles Rangel (D-NY) plans another push this year for an overhaul of the Tax Code, lawmakers should abandon Rangel's multi-rate proposal and follow the worldwide movement toward a simple flat tax system, according to the 362,000-member National Taxpayers Union (NTU). In the mid-20th century, Hong Kong was the only country with a flat -- and proportional -- national personal income tax rate. Since then, 17 other countries have followed suit and introduced flat taxes, according to the World Taxpayers Associations (WTA), a coalition of 60 taxpayer-advocacy groups -- including NTU -- from 44 countries.”

As NTU’s Pete Sepp said, “Whether it's a flat income tax or even better, a retail-level national sales tax, American policymakers should look abroad to see what's working . . . Single-rate taxes represent the wave of the future for countries that want to be competitive and governments that want to respect the rights of their taxpayers.” Is Congress listening?


TrackBack URL for this entry: