Democrats and Tax Reform

They’re plainly not interested in real tax reform, and so they’ll move to block all attempts to achieve reform that would benefit all Americans and so our economy.  This is illustrated by Senator Ben Cardin’s (D, MD) position on the matter.

Tax reform’s got to be responsible and it’s got to be progressive[.]

Pick one; these are mutually exclusive goals.  Punishing particular Democrat-disfavored groups of Americans for their success is the height of irresponsibility in a taxing venue.

On the other hand, a responsible tax reform package would lower corporate tax rates sharply enroute to an eventual elimination of corporate taxes, lower income taxes to the neighborhood of 10%-15% on all income, regardless of type or source, and eliminate most or all subsidies, credits, transfers, and other loopholes—which would have little value to the beneficiary of such distortions anyway at the lower rates.

Here’s the IRS’ (Internal Revenue Bureau then) Form 1040 from 1913, the first year of an income tax exaction after ratification of the 16th Amendment.  Not quite a post card, but it’s still pretty simple, and it’s the level of complexity we could expect for the form necessary to collect income taxes after a responsible tax reform today.

Until Democrats agree to stop using our tax code for their social engineering goals, though, don’t expect any serious effort toward bipartisanship to originate from them.

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