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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?

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