Thursday, March 31, 2005

A Radical Idea

George Will shines the light on Representative John Linder's new tax strategy.

"His bill would abolish the IRS and the many billions of tax forms it sends out and receives. He would erase the federal income tax system -- personal and corporate income taxes, the regressive payroll tax and self-employment tax, capital gains, gift and estate taxes, the alternative minimum tax and the earned income tax credit -- and replace all that with a 23 percent national sales tax on personal consumption. That would not only sensitize consumers to the cost of government with every purchase, it would destroy K Street."

Wow! Talk about a radical idea. I like it and think that it makes a lot of sense. In addition to the benefits stated in the article, it would also present the opportunity for illegal aliens to pay their share of taxes.

However, I would be surprised if the folks inside the beltway would roll over and allow a bill to pass that would render them obsolete.

Hat-tip: RealClearPolitics