Weatherford Democrat

Letters to the Editor

June 10, 2014

LETTERS TO THE EDITOR: A tax idea

WEATHERFORD —

Dear Editor:

Everyone complains about the Internal Revenue Service, and the inequality and complexity of our current tax system.

Since it is well known that Congress will never correct this because it would entail passing laws that make them pay more taxes on their income, I submit the following solution to correcting the tax system.

Congress and/or the president should appoint a board similar to the BRAC (Base Realignment And Closure) commission. Then at the submission of the revised tax code, Congress would vote a simple majority either for or against the complete submission. No riders or changes allowed, either accept as is or reject in entirety. Then, if it is passed, send to senate and president for action.

I feel a nine-member commission should suffice. Democrats appoint four, Republicans appoints four and the president appoints the board president. The only stipulation on selectees would be they must be economic experts. They would have one year to submit their revised version (bill). All decisions of the board would be by a simple majority, and would be binding as law if accepted by Congress/president.

Their sole job would be to go through current tax regulations/laws and simplify wording along with deleting unnecessary loopholes. Make the new laws readable, understandable, and fair to all. (I feel the current system heavily favors lawmakers and their rich supporters and most deductions should be done away with.)

After submission to Congress by the commission, the revised laws would be posted on the internet for 30 days. The House, since it is responsible for fiscal revenue, would have 45 days after submittal to vote. If the vote passes, the Senate would have 30 days after the House vote to vote on the bill. Then the president would have 10 days to sign or veto the package. The only way the bill doesn’t progress is to be vetoed by one of the entities (House, Senate, president). If any entity fails to act in the allotted time, the bill is considered as passed in that chamber.

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