Alexander Snitker on Tax Reform
A: First, we must repeal the 16th Amendment (income tax) and replace it with a consumption-based system, such as the FairTax. Second, we need a balanced budget amendment to ensure congress ends deficit spending. Third, we need a "one subject per bill" act that prevents budget-busting earmarks.
The Contract from America, clause 4. Enact Fundamental Tax Reform:
Adopt a simple and fair single-rate tax system by scrapping the internal revenue code and replacing it with one that is no longer than 4,543 words--the length of the original Constitution.
The Contract from America, clause 10. Stop the Tax Hikes:
Permanently repeal all tax hikes, including those to the income, capital gains, and death taxes, currently scheduled to begin in 2011.
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