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

Most Popular

Politics & Policy

Did Flynn Lie?

At the outset, let’s get two things straight: First, there is something deeply disturbing about the Obama administration’s decision to open a counterintelligence investigation on retired lieutenant general Michael Flynn while he was working on the Trump campaign — and, ultimately, about the Justice ... Read More
Law & the Courts

Where Is the Flynn 302?

Better late than never (I hope), my weekend column has posted on the website. It deals with the question whether General Michael Flynn actually lied to the FBI agents — including the now infamous Peter Strzok — when they interviewed him in the White House on his third day on the job as national security ... Read More
Politics & Policy

Who’s in Charge Here?

In the run-up to the 2016 presidential election, Donald Trump was asked on many occasions whether he would “accept the results” of the election if he were to lose. Democrats and their media allies demanded that he make a solemn vow to “accept the results.” It was never entirely clear what anybody thought ... Read More