If the president and Congress are really serious about controlling the Federal Deficit. Here are some suggestions
1. Allow all of the Bush tax cuts to expire as scheduled on 12/31/2012
2. Revise the US tax code to create a flat rate tax on all income regardless of source. No deductions, just a fixed rate on gross income. In the case of corporations. gross revenue. This would result in making federal tax returns much simpler and reduce the cost of the IRS
3. Abolish all all Federal Departments except. Defense, State, Justice, Treasury, and Transportation. Transfer all other functions to the states.
4. Change our defense strategy from being able to run two global wars to defending US borders and territories. This alone could result in nearly a 50% reduction in defense spending.
How about it?
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