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Friday, September 26, 2008

Bob Barr on Tax Policy

Clark, here is Bob Barr on tax policy.  Feel free to argue against his actual positions, rather than against the voices in your head:
BB) Tax reform is desperately needed in the United States; but before we can reform the tax code, we must sharply reduce the tax burden on Americans. Meaningful tax reform begins with reining in government spending. Second, we need a tax code that makes taxation fairer and simpler for all citizens.

There are several alternative tax reform strategies. One would be to create a flat income tax, while cutting or eliminating many other levies, such as the estate tax (or “death tax”) and capital gains tax. Another option would be to replace the income tax and payroll taxes with a consumption tax, such as the Fair Tax; but prior to which it would be essential to repeal the Sixteenth Amendment, which allows government to tax the earnings of all hard-working Americans. Initiating a consumption tax while leaving the power to tax income in place inevitably would result in having an income tax on top of a consumption tax.

There may even be good alternatives for tax reform that have not yet been proposed. All of these ideas are better than the present system, and must be debated to determine which would best protect liberty and promote prosperity.  (BB

And here is the tax reform that I think Barr should support, called the Green Tax Shift: