Political Quotes

“I am pleased to submit a Senate resolution expressing the sense of the Senate that the income tax system be abolished and replaced with a broad-based consumption tax on goods and services. I supported IRS reform legislation passed last Congress and will continue to work within the confines of our tax system to improve it. However, the fundamental flaws of the income tax system remain. I strongly believe that Congress should abolish the income tax system in its entirety and begin anew. The problems of the income tax are well documented. By taxing savings and investment at least twice, the income tax has become the biggest impediment to economic growth in the country. Each year it costs Americans more than 5 billion hours of time to comply with it. The system is unfair and riddled with loopholes. It favors foreign imports and discourages American exports. As witnesses testified before Congress last year, the IRS regularly violates the privacy rights of individuals while enforcing the income tax. And finally, the system doesn't work. By its own admission, the Internal Revenue Service fails to collect from nearly 10 million taxpayers, with an estimated $127 billion in uncollected taxes annually. Anything this broken should be ended decisively.”