Fred Thompson supports the Taxpayer Choice Act
November 26th, 2007 by Brendan SteinhauserI was glad to hear former Senator and current presidential candidate Fred Thompson express support for an optional flat tax Sunday on Fox News. The Wall Street Journal’s Amy Schatz has a piece on Thompson’s tax plan here.
Thompson supports the main idea behind the Taxpayer Choice Act, which is a Republican Study Committee idea promoted by Rep. Jeb Hensarling (R-TX).
The introduction of a voluntary flat tax is a cornerstone of Mr. Thompson’s proposal. Taxpayers could choose to pay a flat income tax, which would be charged at two rates: 10% for joint filers with income up to $100,000 (or $50,000 for individuals) and 25% on incomes above that.
Hopefully other candidates, including Mayor Giuliani, Sen. McCain and Governor Romney, will join the flat tax club and support the most meaningful tax reform possible.
November 27th, 2007 at 11:25 am
[…] FreedomWorks: I was glad to hear former Senator and current presidential candidate Fred Thompson express support for an optional flat tax Sunday on Fox News. The Wall Street Journal’s Amy Schatz has a piece on Thompson’s tax plan here. […]
November 27th, 2007 at 1:58 pm
Could FreedomWorks put out an article, or Dick Armey put out an article, laying out a list of reasons why the Flat Tax is better than the Fair Tax? The article can then direct the readers to Armey’s and Forbes’ Flat Tax books. Thank you.