Thursday, October 21, 2004

Taxing Their Brains for a New Tax Plan

Treasury Secretary John Snow says overhauling the U.S. tax system will be a priority for a second Bush administration. The President has hinted at -- then backed off from -- a national sales tax. That'd eliminate the IRS but slap an extra 30% or so on the price of must about everything you buy. Supporters claim it's just 23%, because that's about how much it is of the price with the tax included. House Speaker Denny Hastert (R-IL) has shown support for the plan, too. (Reuters)

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