Taxes
The tax code as it stands now, in my opinion, is an attempt at social engineering. The Alternative Minimum Tax (AMT) started out as a “penalty tax” on the very wealthy and has slowly evolved downward to reach the middle class. This is wrong.
The government needs to cut wasteful spending instead of raising taxes. We are facing a “perfect storm” if we do not act now. Some in Congress want to lower the AMT and allow the current tax cuts to expire in 2010 which would greatly increase the tax burden on the average citizen.
I would support legislation for a flat rate sales tax. With this plan the wealthy would pay more because their purchasing power is greater. Those who make less will pay less because their purchasing power is lower. There would be no loopholes for the wealthy to avoid this tax.
Whatever the change is, it needs to be as simple as possible. The average citizen shouldn’t have to be a math whiz or CPA just to fill out their tax forms.