America needs the Fair Tax, not more fiddling with the tax code
12/18/2013BY ROBERT C. MCNAIR
Some 150 years ago, Alexis de Tocqueville wrote: “The greatness of America lies not in being more enlightened than any other nation, but rather in her ability to repair her faults.”
Today, America’s financial well-being is threatened by its continued reliance on an antiquated regimen of tax laws and regulations to generate the revenue needed to support our government’s spending priorities.
Many of these provisions served their purposes well when enacted and implemented. For most, that time has passed.
The House Committee on Ways and Means recently examined itemized deductions for charitable contributions as part of its tax reform deliberations.
Some will applaud the committee for focusing on a high-visibility deduction such as charitable giving. We at Americans For Fair Taxation feel strongly that by looking at single provisions of the tax code, the committee is effectively abdicating its responsibility to analyze and critique the current tax code as a whole to determine whether it is the right tool to vouchsafe America’s economic viability in the 21st century.
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Read more here. http://washingtonexaminer.com/america-needs-the-fair-tax-not-more-fiddling-with-the-tax-code/article/2540916#null
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