41. Armey expressed concerns that the in-house fight among Republicans could undermine his push for a pure flat tax. 42. As for the flat tax, Forbes took an adventurous idea and mangled it. 43. Armey was there in spirit, with much of the debate centering on the flat tax plan that he catapulted into a viable political issue. 44. As part of his economic wisdom, Forbes is supporting a true flat tax, a concept pushed by some House Republicans. 45. Aside from simplicity, most flat tax proposals now on the table would mean lower taxes for most people. 46. As treasurer he attracted attention for imposing a flat tax. 47. As with the Armey flat tax, interest and dividend income would be untaxed and immediate tax deductions could be taken for business purchases. 48. At the same time, criticism of the IRS comes amid Republican proposals to replace the current tax system with a flat tax or national sales tax. 49. At the same time, however, a flat tax would cut taxes for the very rich. |