61. A flat tax, say its advocates, might remove some of the corruption in politics. 62. A commission appointed by the Republican leadership in Congress endorsed the idea of a flat tax Wednesday, but ducked proposing anything specific. 63. A family with a hefty mortgage could find itself with a big tax increase under a flat tax. 64. A flat tax would have negated the chief appeal of municipal bonds, their tax-free coupons. 65. A flat tax also goes against an American tradition, enshrined in decades of tax law, that the wealthy should carry a greater share of the tax burden. 66. A flat tax also violates an American tradition, enshrined in decades of tax law, that the wealthy should carry a greater share of the tax burden. 67. A flat tax benefits mostly the rich, and so does a consumption-based tax. 68. A flat tax would change the bond situation as drastically as the real estate market. 69. A flat tax, cutting the IRS down to size, slashing taxes on capital gains and inheritances and re-engineering Medicare are advocated by all the candidates. 70. A flat tax, supported by some Republicans, would be unfair because it would cut taxes for the rich and raise taxes for the poor, Summers said. |