Yes. Yes. A thousand times yes.
Some of my fellow Republican candidates for the presidency have proposed plans to fix the tax system. These proposals are a step in the right direction, but the tax code has grown so corrupt, complicated, intrusive and antigrowth that I’ve concluded the system isn’t fixable.
So on Thursday I am announcing an over $2 trillion tax cut that would repeal the entire IRS tax code—more than 70,000 pages—and replace it with a low, broad-based tax of 14.5% on individuals and businesses. I would eliminate nearly every special-interest loophole. The plan also eliminates the payroll tax on workers and several federal taxes outright, including gift and estate taxes, telephone taxes, and all duties and tariffs. I call this “The Fair and Flat Tax.”
We are already at least $2 trillion behind where we should be with a normal recovery; the growth gap widens every month. Even Mr. Obama’s economic advisers tell him that the U.S. corporate tax code, which has the highest rates in the world (35%), is an economic drag. When an iconic American company like Burger King wants to renounce its citizenship for Canada because that country’s tax rates are so much lower, there’s a fundamental problem.
Another increasingly obvious danger of our current tax code is the empowerment of a rogue agency, the IRS, to examine the most private financial and lifestyle information of every American citizen. We now know that the IRS, through political hacks like former IRS official Lois Lerner, routinely abused its auditing power to build an enemies list and harass anyone who might be adversarial to President Obama’s policies. A convoluted tax code enables these corrupt tactics.
My tax plan would blow up the tax code and start over.
It’s a beautiful dream he has, all right, but it’s never going to happen without a major, probably violent, upheaval aimed not just at the IRS but at the entire bloated, pustulent edifice of Mordor on the Potomac. Even Paul kinda-sorta admits it, in a roundabout way:
The challenge to this plan will be to overcome special-interest groups in Washington who will muster all of their political muscle to save corporate welfare.
Which would include nearly every elected official; every firmly entrenched bureaucrat fearful that his own misbegotten and contra-Constitutional agency would be next on the headsman’s chopping block; every two-bit grifter sucking voraciously at the public teat who would suddenly be forced to find useful work; every FederalGovCo employee who would have to do the same; every lobbyist who ditto; every one of the thousands upon thousands of IRS vampires who ditto; every crony-fascist corporate welfare recipient, to include each and every Fortune 500 company and their myriad subdivisions; all the accountants and tax lawyers Paul mentions elsewhere in the piece; all the Establishment Media scum suckers and welfare parasites for whom Big Government is the answer to their indolent prayers; all the…well, you get the picture.
The IRS specifically and Big Government generally are of a piece in at least one way: everyone loves to complain about them from time to time, without any intention or will whatsoever to do the first damned thing about them. A truly free, independent, and self-respecting people would never have countenanced the rise and metastisization of a profane monstrosity like the IRS–or the EPA, TSA, DHS, NSA, ATF, et al–in the first place. Americans are no longer any of those things. Hats off to Rand for seizing on at least one of the agencies of our decline and despair and waving it around in our faces; it’s an endeavor fraught with great personal risk, as anyone who’s ever been targeted by the IRS knows full well. But his laudable effort will come to naught…which is way worse than just sad.