Replace All Federal Taxes on Income with the Fair Tax Act , HR 25
Specter Introduces Flat Tax
April 2, 2009
Specter introduces flat-tax
@ 3:25 pm by Eric Zimmermann
Sen. Arlen Specter (R-PA) has introduced legislation calling for a 20% across the board flat-tax. His office touts that the policy would replace the 17,000 page IRS code with a simple "postcard that could be completed in 15 minutes."
“My flat tax legislation would make filing a tax return a manageable chore, not a seemingly endless nightmare, for most taxpayers,” Specter said in a statement. “This legislation will fundamentally revise the present tax code, with its myriad rates, deductions, and instructions.”
Cynics may view the legislation as an attempt to ward off conservative challenger Pat Toomey in a 2010 primary, especially since Specter introduced it just two days before blasting Toomey in a new ad.
Specter's office points out that the senator first introduced the flat-tax in 1995.
Specter introduces flat-tax
@ 3:25 pm by Eric Zimmermann
Sen. Arlen Specter (R-PA) has introduced legislation calling for a 20% across the board flat-tax. His office touts that the policy would replace the 17,000 page IRS code with a simple "postcard that could be completed in 15 minutes."
“My flat tax legislation would make filing a tax return a manageable chore, not a seemingly endless nightmare, for most taxpayers,” Specter said in a statement. “This legislation will fundamentally revise the present tax code, with its myriad rates, deductions, and instructions.”
Cynics may view the legislation as an attempt to ward off conservative challenger Pat Toomey in a 2010 primary, especially since Specter introduced it just two days before blasting Toomey in a new ad.
Specter's office points out that the senator first introduced the flat-tax in 1995.
Comment
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Comment by Everett Bennett, Jr. on April 4, 2009 at 8:39pm
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This is more of the same crap we have now. We need to remove "the income tax" amendment, otherwise, same stuff, different millennial.
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No way! No Flat Tax! We have a Flat Tax now! Remember 1980 something. It is the FairTax or a revoultion....you decide!
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Comment by R. P. on April 4, 2009 at 3:25pm
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He has no co-sponsors because we have a spineless, corrupt, 2 party system that uses the current tax system as a bargainig tool for votes. Pit one group against another. It's just that simple.
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Comment by Joshua on April 4, 2009 at 9:00am
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The bill number is S.741 and has no other co-sponsors.
http://thomas.loc.gov/cgi-bin/query/z?c111:S.741:
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Comment by Jim Tomasik on April 2, 2009 at 3:21pm
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So it is a real 'flat tax' if it calls for 20% across the board.
Toomey should pick up the FairTax Act and beat Specter to half death with it.
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I have no other information as of the posting.
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how many cosponsors does this have? What is the bill number?
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