[Congressional Record Volume 151, Number 100 (Thursday, July 21, 2005)]
[House]
[Page H6209]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TAX REFORM
(Mr. BURGESS asked and was given permission to address the House for
1 minute.)
Mr. BURGESS. Mr. Speaker, maybe we can cool things off by talking
about a little tax reform. What if we had a tax reform proposal that
would immediately eliminate the marriage penalty, repeal the death tax,
abolish the punitive alternative minimum tax, eliminate capital gains
taxes and allow for immediate expensing for business and capital
equipment?
Well, in fact we have such reform. In case you missed it yesterday,
in the Washington Times Steve Forbes talks about Americans deserve a
flat tax, and believes that the stage is set for fundamental tax reform
via the vehicle known as the flat tax. Now, fortunately Members of this
body do not have to wait. They can cosponsor H.R. 1040 introduced last
March that would provide for a flat tax which is voluntary to be
available to the American people as soon as it is signed into law. It
is basically a measure of trusting the American people and giving them
a choice to opt into a voluntary pro growth system. It does encourage
investment and savings for the first time in a long time in this
country. I think it is reasonable to provide another option to the
American people.
Mr. Forbes concludes his article yesterday saying America has a great
future. The flat tax will help us achieve it. I believe it is time to
trust the American people and allow that to happen.
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