Thursday, March 25, 2004
The Stakeholder picks up a story from Congress Daily AM.|
Bubbling with confidence President Bush and congressional Republicans will win re-election this November, House Majority Leader DeLay Wednesday laid out the broad outlines of a GOP agenda next year -- including the replacement of the federal income tax with a national sales tax.DeLay has one agenda: to eliminate taxes for the wealthy and place the entire tax burden on the poor and middle class. I honestly don't understand why anyone making less than $1 million a year would EVER vote Republican.
DeLay also pledged to begin work this year on a major overhaul of federal law to lighten the regulatory burden on American businesses.
"We plan to move legislation in the next Congress to fundamentally reform the tax code altogether," DeLay said in a keynote speech to a symposium sponsored by the Baker & Hostetler law firm, Clark Consulting's Federal Policy Group and the Yale Club of Washington. DeLay later told CongressDaily he wanted to abolish the federal income tax and impose a retail sales tax he said would produce more revenue.
If that proves impossible to pass, DeLay said, Republicans would "fall back" on adoption of a new flat tax on incomes that "would be better than the job-killing monstrosity we have now."