I favor tax cuts for the American families. I believe American families can do more for themselves than the Government. Mr. Speaker, the American people devote 5.4 billion hours and $232 billion every year to comply with the United States Tax Code. Furthermore, billions of dollars are then spent by the IRS to administer and enforce these tax laws. To reform this unwieldy system, our majority leader, Congressman Dick Armey has put forward a flat tax proposal that can simplify our system and provide a new contract with the American people. We have all heard the phrase ``you deserve a break today'' and now I want to help put those words into action. Today I will be introducing a modified flat tax proposal called McFlat. the ``m'' stands for mortgage and the ``c'' stands for charitable. McFlat incorporates the meat of Congressman Armey's flat tax along with deductions for mortgage interest and charitable contributions. McFlat can provide the arches, so to speak, between those that want a simpler and fairer system and those of us who feel that it is essential to retain deductions for homes, churches, and charities. McFlat is the simple and fair way to revolutionize the American Tax Code.
Mark Souder: “I favor tax cuts for the American families. I believe American families can do more for themselves than the Government.…”
Editor's note · Context
Discussing tax reform and introducing a modified flat tax proposal.
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