One relatively new flat-tax proposal seems to be gaining momentum and impressing even liberals. It has come to the point where some conservatives and libertarians have given up on the flat tax crusade, and are now working towards the (it seems) politically more feasible goals of larger tax cuts and mandatory debt reduction.īut hope springs eternal. And we all know what happened to Stockwell Day and the Canadian Alliance’s 17 per cent single-rate tax proposal, or “Solution 17.” The failure to implement any sort of flat tax is enough to make a grown free-marketer cry. Various flat tax proposals in the US-Hall-Rabushka, Armey-Shelby, Forbes-had merit, yet all fell by the wayside. Ever since Milton Friedman suggested the idea of a 23.5 per cent flat-rate income tax for American taxpayers in his 1962 book Capitalism and Freedom, economists and politicians have tried to create a flat-tax model that everyone could accept.
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