Rather than passing a thousand pages of tax reform legislation and restarting the tax code manipulation process, we should change the paradigm. It is time to eliminate the IRS and repeal the 16th Amendment.
Sentiment: NEGATIVE
We need to get rid of the 16th amendment, and return to the original system that funds government with a variety of tariffs and duties.
The bottom line is we need a tax code that is more simpler, that is more fairer, that gets rid of the special carve-outs, the special lobbyist loopholes. That's the direction we need to go.
Tax reform is a once-in-a-generation opportunity.
Dave Camp, in my view, made tax reform inevitable in the sense that he showed you could broaden the base and lower the rates and simplify the code and be competitive around the world and make it more understandable.
We've got to have comprehensive tax reform.
What we need is fundamental tax reform.
I think we can have some tax reform, but that doesn't mean tax increases. We ought to make the, the rates flatter. We ought to get rid of a bunch of those loopholes.
America's tax code is beyond repair. Tinkering with it won't work. The only hope is a bold tax-reform plan that will liberate our nation from the slow-growth status quo and jump-start a new era of American prosperity and growth.
We need to stop kicking the can down the road and rethink our entire tax system toward long-term, comprehensive tax reform.
Here's my thinking: Since tax reform only occurs once a generation, let's not tweak what we have and call it a day.