as i understand ron paul's position on tax relief, it's pretty simple: eliminate the income tax totally and not replace it with any new source of federal income.
commensurate with this approx 30% reduction in income, reduce federal spending by the same amount.
does ANYONE really believe this will be possible?
and second, if the income tax revenue is wiped away, wouldn't federal spending need to be reduced by about 130% of the amount of previous income tax revenues to balance the revenues/outlays? iow, we're currently seeing a deficit of a couple hundred billion dollars with an income tax.
does ANYONE really believe this would be possible?
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