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Insider Report from NewsMax.com
7. Moore: Flat Tax Is Coming
Are President Bush's tax cuts the precursors to a national flat tax? Club for Growth President and conservative Reaganite Stephen Moore says yes.
"That's the hidden story of what is going on under Bush," said Moore to the New Yorker. "I helped Dick Armey put together his flat-tax proposal. Nobody could get it done politically. What Bush has done in a hidden way, is move us in baby steps toward the flat tax."
Of the 2003 tax law that dramatically cut dividend and capital gains taxes - capping them at 15 percent - Heritage Foundation economist William Beach declared it "one of the greatest supply-side changes to tax law in U.S. history.
Other proposals, like Retirement Savings Accounts, have gone nowhere with Congress. While the setbacks have frustrated many conservative voters, conservative leaders are encouraged all the same.
Americans for Tax Reform president Grover Norquist asked, "Do you think it was an accident that the first three tax cuts moved toward expensing business expenditures, toward universal IRAs, toward getting rid of the capital gains tax, toward getting rid of the double taxation of dividend income, toward getting rid of the death tax? No. It is consistent with a vision."
7. Moore: Flat Tax Is Coming
Are President Bush's tax cuts the precursors to a national flat tax? Club for Growth President and conservative Reaganite Stephen Moore says yes.
"That's the hidden story of what is going on under Bush," said Moore to the New Yorker. "I helped Dick Armey put together his flat-tax proposal. Nobody could get it done politically. What Bush has done in a hidden way, is move us in baby steps toward the flat tax."
Of the 2003 tax law that dramatically cut dividend and capital gains taxes - capping them at 15 percent - Heritage Foundation economist William Beach declared it "one of the greatest supply-side changes to tax law in U.S. history.
Other proposals, like Retirement Savings Accounts, have gone nowhere with Congress. While the setbacks have frustrated many conservative voters, conservative leaders are encouraged all the same.
Americans for Tax Reform president Grover Norquist asked, "Do you think it was an accident that the first three tax cuts moved toward expensing business expenditures, toward universal IRAs, toward getting rid of the capital gains tax, toward getting rid of the double taxation of dividend income, toward getting rid of the death tax? No. It is consistent with a vision."
to a Flat Tax. Most Conservatives are NOT far right-wingers who would something this regressive.
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