- Joined
- May 19, 2004
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Source: FOX news
What do you think?
I truely hope this flys. A national sales tax would definatly be the way to go.WASHINGTON — While Republican leaders of the House and Senate are huddling for the next two days in Norfolk, Va., to chart the agenda for the upcoming Congress, White House officials meeting with them on tax reform are likely to debate the idea of a national sales tax.
President Bush and House Speaker Dennis Hastert have both said the idea of a national sales tax deserves a serious look. For many, the idea of a world without the Internal Revenue Service is very seductive.
"We spend about $400 billion a year complying with the tax code. We spend $200 billion a year just filling out IRS paperwork," said Rep. John Linder, R-Ga., who has proposed a bill
that would create a national sales tax.
Proponents have spent millions on research and have concluded that a national sales tax can replace the income tax, payroll tax, estate tax and corporate tax. Advocates say the new tax would lower the cost of manufacturing and job creation and attract foreign investments, among other things.
What do you think?