A Bold Tax Reform Plan

Stephen Moore proposes a startlingly
simple tax reform plan.
Enact a flat tax with maximum rate
of 20 percent (“there would be no deductions whatsoever,
except for a generous personal deduction and child deduction”)
and let people decide whether to pay according to the new tax or the old tax. That way
people with e.g. mammoth mortgage interest deducations could stay with the old system and the rest of
us could switch.