October 27, 2011 |
WASHINGTON - The Republican Party is catching flat-tax fever, setting up an election-year fight with Democrats over whether wealthier Americans should pay more taxes or get tax cuts. Republican presidential candidate Mitt Romney became the latest to punch the tax button Wednesday, telling a Virginia audience that he will soon update his economic proposal to spell out how to flatten the tax code. A day earlier, rival Rick Perry proposed an optional flat 20 percent tax on income.
September 26, 2010 |
Before Patrick Toomey made a second run for the U.S. Senate, the Pennsylvania Republican published The Road to Prosperity: How to Grow Our Economy and Revive the American Dream . I'm all for prosperity, despite exhibiting little talent for amassing wealth. (Chapter One: Avoid Journalism.) So, if there's a direct thoroughfare, lead the way. I went online to buy his book, which had an original list price of $22.95 when it was published last summer. There, I found The Road to Prosperity selling for $1.52.
January 24, 1995 |
Jack Kemp wants to level the playing field for America's taxpayers. Kemp, the former congressman and potential Republican presidential candidate, will appear in a political ad prior to tonight's State of the Union address to push for a flat, single-rate income tax. In the 60-second spot, which will air nationally on the Cable News Network, Kemp appears with former Secretary of Education and drug czar William J. Bennett. The pair are co-directors of Empower America, a conservative political organization.
July 20, 1995 |
House Majority Leader Dick Armey's flat tax was formally introduced into the House and Senate yesterday with a twist: Once the bill is enacted, any major changes would require a three-fifths majority vote of Congress. The bill, introduced by Armey (R., Texas) and Sens. Richard C. Shelby (R., Ala.) and Larry E. Craig (R., Idaho), would end deductions and credits and would impose a single 17 percent rate on earned income. For individuals, taxes on unearned income such as interest, dividends and capital gains would be eliminated.
May 1, 1995 |
Reading W. Russell G. Byers' article on the flat tax proposal, I get this feeling of deja vu. I know what it is! I have heard all this before, in 1992, from a presidential candidate, Edmond G. "Jerry" Brown - a postcard to file your tax returns, a law that "no member of Congress shall receive assistance in preparing their tax returns. " Brown said our tax laws are insane. We must give consideration to a bill that would stabilize our income tax laws in the sense of a five-year plan.
February 3, 1996 |
"The toughest challenge Steve Forbes ever had to face was when he was a sperm swimming upstream to the egg. " Who said this? A tax-and-spend Democrat? No. The author of these ugly words was none other than Jim Courtovich, New Hampshire campaign manager for Phil Gramm. Courtovich's obnoxious snipe is emblematic of an unusual development on the campaign trail now that Forbes has vaulted into first place in some polls for the bellwether Feb. 20 New Hampshire primary: His rival GOP presidential candidates have sunk to left-wing, class-war rhetoric to derail him and his proposal for a deduction-free 17 percent flat tax. Mercedes owner Pat Buchanan complained that Forbes' flat tax "was worked up by the boys at the yacht basin.
April 27, 1989 |
In a compromise necessary to save West Chester from serious financial problems, a judge tomorrow will direct that up to $150 each in a flat tax be collected from merchants and professionals while the contested business- privilege tax is on appeal in Commonwealth Court. At an executive session last week, West Chester Borough Council authorized its solicitor, Stephen P. McGuire, to work on an agreement stipulating that the interim tax be collected. Attorneys for the 29 merchants who sued the borough over the tax are working on a similar agreement.
March 3, 1996 |
It's called a "flat" tax because the income of all businesses or individuals would be taxed at a single rate, no matter the amount. It's been proposed as a way to reform the federal income tax, and, under most proposals, it would avoid double taxation that now occurs for corporate earnings. The tax base for businesses would be gross sales minus wages and purchases from other businesses. Interest payments would not be deductible. For individuals, the tax base would be wages and pensions, minus standard personal deductions.
January 22, 1998 |
Republican congressional candidate Jonathan H. Newman called a news conference yesterday to say he wanted to get rid of all 3,500 pages of the tax code. But he didn't say what should replace them. He did promise definitive numbers "sometime" before the May primary, in which he faces incumbent U.S. Rep. Jon Fox (R., Pa.). Preliminarily, Newman said, he would favor instituting a flat income tax between 17 and 22 percent and preserving deductions for charitable giving and home-mortgage interest.
January 19, 1996
The flat tax is a bad idea. The idea can look attractive because one of its premises is something taxpayers know by instinct or experience: The tax system is too darned complicated. It's a wonder there isn't a word that means fear of April 15. In reality, filing ye old tax return isn't that hard for most Americans, 70 percent of whom use the short form. You do have to wonder how many do that only because it's easier. But easy, schmeasy, proponents can't make a flat tax fair.