In a reversal of the usual Democrat plan, Barak Obama proposes tax cuts, but for the other end of the spectrum this time.

Can I make a humble suggestion? Make the first $50,000 a family or individual makes completely tax exempt no matter the source, remove all tax incentive plans visa vi the Income Tax Code, and everything above that exempt amount that is earned, no matter be it a human or corporation, pays 10%.

Whittle that whole stupid tax code down to couple of pages, then lay off IRS agents and Government Printing Office employees who wouldn't really be needed any more for the preparation and interpretation of that MAD 50,000 page tome.

Obama tax plan: $80 billion in cuts, fast filings - Sen. Barack Obama on Tuesday proposed overhauling the tax code to lower taxes for the poor and middle class, increase them for the rich and make it so most Americans can file their taxes in five minutes.


[CNN - US Politics]