If the price we pay is lowered, we get more of them. So taxes are a barrier to progress, and they punish rather than reward success. The Kemp-Roth bill of 1981 and the tax reform bill of 1986 reduced individual income tax rates to levels we hadn't seen in more than half a century, and they helped create an unrivaled period of prosperity. Yet today, many of our policymakers ignore or deny the positive benefits of those tax cuts. They also fail to realize that it is people, not policies, who make an economy run.
Taxes cost people .
Tax cuts do not cost government . Families with children are hardest hit by high taxes. According to the Family Research Council, a family of four at the median income in 1948 paid 2 percent of its income in taxes, in 1994 the figure was 25 percent. That is why families feel they are on a treadmill and the treadmill is winning. If we want to do something to help families in this country, I can't think of a better option than the flat tax.