I should have clarified the "across the board". Businesses should be exempted from increases, but personal income taxes will have to increase. Current spending on the military, Social Security and Medicare Takes almost everything that comes into the fed through taxes now.
As far as I'm concerned that would be distastrous as well as confiscatory at this point. The people of this country, especially the middle class, are groaning under the weight of a tax tyrant: Washington. It's time for the federal government to do with less, and SS and Medicare--so-called "non-discretionary spending"--have to be cut as well. Better that than higher personal income taxes.
In fact, we need LOWER taxes--and I mean lower than current personal rates. Thundley, you
know what happened when RR managed to get lowered personal income tax rates through Congress. Don't you accept the truth of the Laffer curve?
