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John McCain's views on flat tax










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McCain on a Flat-tax System



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John McCain on Tax Reform



Sen. John McCain says he'd like to see the US taxes made simpler and more fair. This interview took place on October 12, 2007, at Iowa Public Television. www.iptv.org Henderson: There's at least one congressman in Iowa and several members of the Iowa Republican Party who favor a fair tax, which would be a consumption tax, a sales tax to replace the income tax. There are others who have advocated, in the past, a flat tax. What would you do to fix the federal income tax code? McCain: Americans paid $140 billion last year for preparation in their tax returns. Six out of every ten American s had to have somebody else do it. It's remarkable when you think about it. I don't -- I would sign either one if it came across my desk, but I don't think either one of them are the entire solution. Here's what you need to do. You need to get a commission and you need to do it headed by somebody like Greenspan or somebody like that who is very credible. And all the credible economists, they report out their commission report, and Congress is required to vote yes or no. That's the only way we ever closed the base in America was to have a commission report; by law, they vote yes or no. Every time you send it through one of these committees in Congress, the special interests prevail. The code is that high and Americans are sick and tired of it. I understand why they want the fair tax. I understand why they want the flat taxes. We could develop a simpler, fairer tax code, I think using the ...



The Global Flat Tax Revolution



This mini-documentary from the Center for Freedom and Prosperity discusses the global flat tax revolution. There are now 24 flat tax jurisdictions (actually 25, but we didn't know about Trinidad & Tobago when the video was filmed), a remarkable development given the ideological opposition to tax reform from special interest groups and class warfare advocates. The six-minute video explains the key features of the flat tax revolution and highlights the reforms in Hong Kong, Estonia, and Iceland. The flat tax revolution has been especially strong in former Soviet-bloc nations, a rather ironic development since a so-called progressive income tax was a key tenet of Marx's Communist Manifesto.




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