A Choice for Taxpayers

By Robert Novak

Back on their heels in a defensive posture all year while majority Democrats in Congress offered liberal initiatives, reform-minded conservative Republicans this week introduce the most sweeping tax plan since Jack Kemp's three decades ago. It would establish a radically simplified, flatter tax for an estimated 90 percent to 95 percent of all income tax filers.

Those taxpayers presumably would accept this offer: give up all your current deductions, and your annual earnings up to $100,000 would be taxed at 10 percent, with a 25 percent rate on everything above that. But that is not all. The bill would repeal the hated Alternative Minimum Tax (AMT), giving up $840 billion in revenue over the next 10 years. Government would have to get leaner. More.