The Corner

An Idea Whose Time Has Come

Tomorrow is Tax Day. And as is typically the case this time of year, there’s a whole bunch of tax related headlines in the major papers.

Investors Business Daily’sAn Unfair Share” is a must read, as are the WSJ’sThe Fiscal Bottom Line” by Ernie Christian/Bill Frenzel and “The Taxpaying Minority” by Ari Fleischer. Then there’s “Unpaid Taxes Tough to Recover” in the Washington Post and “Cleaning Up the Alternative Tax” (among others) in the Grey Lady. And so on and so on.

Looking at all these stories, I had a thought: we could deal-once and for all-with the horrible complexities of the IRS tax system, expand the economy, generate even more revenues, if (you guessed it) we moved to a nice, simple, flat tax system-somewhere around 20 percent for the single tax rate. Blow out all the deductions, all the credits, and bid fond farewell to the labyrinth of complicated rules that no one (including the IRS) understands.

Trust me, good things will happen.

I know, I know, there’s nothing perfect in life. But a nice Steve Forbes/Art Laffer flat tax system would be pretty darn close. It would sure make a great benchmark to measure and grade all the assorted half-baked tax proposals coming out of Washington.

A flat tax–think of it.

Larry Kudlow is the author of JFK and the Reagan Revolution: A Secret History of American Prosperity, written with Brian Domitrovic.

Most Popular

White House

The Mueller Report Should Shock Our Conscience

I've finished reading the entire Mueller report, and I must confess that even as a longtime, quite open critic of Donald Trump, I was surprised at the sheer scope, scale, and brazenness of the lies, falsehoods, and misdirections detailed by the Special Counsel's Office. We've become accustomed to Trump making up ... Read More
Education

An Idea for Student Loans: Get Rid of Them

Here is a three-part plan for something practical the federal government could do to relieve college-loan debt. Step 1: The federal government should stop making college loans itself and cease guaranteeing any such loans. Step 2: It should prohibit educational lending by federally regulated financial institutions ... Read More
White House

The Problem with the Mueller Report

So much for collusion. The media conversation has now officially moved on from the obsession of the last two years to obstruction of justice. That’s because the first volume of the voluminous Mueller report, the half devoted to what was supposed to be the underlying crime of a Trump conspiracy with Russia, ... Read More
Sports

Screw York Yankees

You are dead to me. You are a collection of Fredos. The cock has crowed, you pathetic sniveling jerks. The team I have rooted for since 1965, when I first visited the House that Ruth Built, where I hawked peanuts and ice cream a lifetime ago, watched countless games (Guidry striking out 18!), has gotten so ... Read More
White House

MoveOn.GOP?

Some of you will be familiar with a lefty, partisan Democratic organization called MoveOn, formerly MoveOn.Org. It was founded during an investigation into President Bill Clinton’s shenanigans (which were not, Democratic mythology notwithstanding, strictly sexual in nature) and argued that it was time for the ... Read More