Economist makes his pitch for a national 'flat tax' in second Trump term

Trump economic adviser Stephen Moore discusses plans for tax reform as it takes center stage in the new Congress and second Trump term on 'The Bottom Line.'
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[headscrewedonright]

Eliminate the wasteful spending in government. Millions for “molasses inspectors” is beyond ridiculous. If that isn’t addressed nothing will work. Term Limits. Eliminate lobbying. No tax on Social Security. The Nancy Pelosi way of thinking that “we must pass a bill in order to know what’s in it mentality needs to go.

[TechnoPagan]

A flat tax is what is called 'regressive'. It hits the poorest people hardest and the very wealthy hardly at all. Raise your hand if you're a billionaire

[Braikdown]

Get rid of federal income taxes. This used to be considered unconstitutional.

[sailorichiban]

Income tax was only an emergency measure. Then it became permanent. Time to normalize, NO MORE INCOME TAX.

[IamJonny-ov]

I don't like taxes purely for 1 reason, the government makes you calculate your own tax and penalises heavily for doing it wrong. I have no issues paying taxes as a US citizen, however I hate that I have to do the paperwork when the government already has all the info they need. Always struck me as odd.

[UncleBen-hy]

Get rid of the IRS, install a 10% flat tax payable to the treasury!!

[Ragingcapitalist]

We don’t want any federal taxes, stop trying to sell us on it

[b-ls]

Flat tax is the only fair way to go, no credits or loopholes. Include congress in the flat tax

[lancelamoon]

IRS needs to go and 10% flat tax across the board.

[ErikOosterwal]

Make the first $30, 000 tax free (to help the poorest citizens) and tax earnings above $30, 000 at no more than 10%.

THEN... eliminate all business taxes. Businesses treat taxes as an expense that are passed on to the consumer.

AND FINALLY... reform campaign finance rules to prohibit corporations, foundations, organizations, PACs, etc. from contributing to candidates. Candidates' campaigns should only be allowed to accept donations from people who are eligible to vote for them. There's too much foreign funding and special interest group money in politics and that undermines the interests of US citizens. 🤔

[jeremyduncan]

The government need to stop being greedy

[Marie-léontineLanglois]

You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires I pray that anyone who reads this will be successful in life

[DrunkenRhinoceros]

A flat tax would be a boon for the economy. 15% - 20% with zero exemptions for anyone. It would also eliminate the need for 81k new IRS agents.

[Kevin-ocjb]

Taxes should be based on the resources you consume, not on the rewards for what you produce.

[fjm]

Totally agree. Take the crack (our tax monies) away from the addicts (career politicians). A smaller govt doesn't need massive tax funding.

[THECOMMUNIONOFLUCIFER-zlkx]

Also it cannot be IRS enforced. The government will have to ask NICELY for money!

[billstapleton]

You want the "Rich" to pay their fair share? Go with a flat tax. Simple.

[daleehrisman]

The best way to stop the government waste and tax loopholes is to have a flat tax, remove the IRS code and pass an admendment to cap the federal budget to 15% of GDP. no more deficit!!!

[BirsenAyse]

Leaks coming out about Trump working together with shareholders involved with Qarddin Token

[WalkerOne]

The "Fair Tax" is a better way to go. Get rid of the income tax and replace it with a national sales tax.