More than a sweeping overhaul of the tax code, the FFRA is a comprehensive assault on oversized government, designed to halt its growth, expose its true cost, and limit its influence on the lives of free Americans. It would radically reorder the tax and spending activities of the government. Creates a Flat Tax Simple. Replaces the current complicated tax system with a flat tax so simple Americans can file their taxes on a form the size of a postcard. Ends double taxation of saving, thus promoting investment and job creation.
Rewards work by lowering marginal tax rates.
Creates a neutral tax system which will liberate individuals to make financial decisions based on common sense economics, not arcane tax rules. Eliminates the marriage penalty. Effectively doubles the deduction for dependent children. By ending the double taxation of savings, provides all Americans with the tax equivalent of an unlimited Individual Retirement Account. Protects taxpayers by requiring a supermajority of Congress to raise the tax rate or add loopholes.