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200 IRET Congressional Advisory 1 (2006)

handle is hein.taxfoundation/iretcgadv0197 and id is 1 raw text is: INSTITUTE FOR RESEARCH ON THE ECONOMICS OF TAXATION IRET is a non-profit 501 (c)(3) economic policy research and educational organization devoted to informing the public about policies that will promote growth and efficient operation of the market economy. Advisory No. 200 Exploring the Effects of a Flat Federal Income Tax For the District of Columbia Statement of Stephen J. Entin President & Executive Director Institute for Research on the Economics of Taxation to the Senate Committee on Appropriations Subcommittee on the District of Columbia Hearing on The Potential Effects of a Flat Federal Income Tax in the District of Columbia March 8, 2006 Mr. Chairman and Members of the Subcommittee: Thank you for the opportunity to testify on the economic advantages of fundamental tax reform. The Subcommittee is to be commended for exploring the gains that reform could bring to workers and savers at all income levels, and in all corners of the nation. Fundamental tax reform is about creating a tax system that is simpler and more conducive to economic growth than the current income tax. Simplicity alone is not enough. For example - Line one: Put down your income. Line two: Send it in. - is as simple a system as one can get, but it is not conducive to economic growth. Economic growth means defining income correctly to get the tax base right, and taxing it in a uniform, non-distorting manner. gem * m ii. I ~. ~6I ~e.