dazzleman
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Posts: 13,777
Political Matrix
E: 1.88, S: 1.59
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« on: November 06, 2004, 09:58:08 PM » |
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I don't really see the need for large-scale tax reform.
I don't favor a flat tax for 2 reasons:
-I think a progressive tax is better.
-Real estate values will crash if the mortgage interest deduction is eliminated, and many people would no longer be able to afford their monthly payments.
A sales tax would be highly regressive, and I don't know how it would be administered if there was a credit based on income.
I'd rather stick with what we have now, maybe with a little tinkering.
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