Sen. Fred Thompson (via Instapundit) opines in the WSJ about taxes. I agree with everything he says, but (and this is a minor 'but' not a damning 'but') he doesn't go quite far enough.
Saying that supply-side economics works is well and good, it's been empirically evident that this is the case for over 40 years (at least since Kennedy's success with tax cuts).
What he didn't say is what slightly deflated my man crush. He didn't say that he'd greatly simplify the tax code. The tax code needs blowing up. It's a bloated contradictory and impenetrable mess. It's full of awful unintended consequences and pet deductions that have myriad deleterious effects on the nation as a whole.
Advocating for lower rates is good, but advocating for a simplified to the point of flat (or super simple 2 or 3 tiered, no deductions) tax would be far better and would turn my slightly flagging crush back in to the rock solid throbbing man crush that it once was.
(should this post be flagged as porn?)
For more on the flat tax, this bit from the Heritage Foundation is an oldie but a goodie.
Also, it's getting more and more obvious that he's going to run, so welcome to Election '08 Sen. Fred Thompson.
14 April 2007
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