The thing I like the most about the article “A Budget We Can Believe In” is what they say about simplifying the tax code.
The alternative budget would also go a long way to restoring American competitiveness by making the 2001 and 2003 tax cuts permanent, lowering the corporate tax rate from 35% to 25%, and simplifying the tax code by allowing individuals the choice of opting into a system with a 10% marginal tax rate on all incomes below $100,000 and 25% rate on incomes above $100,000. Even with all these changes, the alternative budget would bring in revenues averaging just below 18% of GDP, which is near the historical average.
I don’t make six figures but still pay almost 33% of my income in taxes. This would certainally help. I haven’t read either budget, but anything that proports to simplify many of the systems we have is a good thing.
I am a proponent of the Fair Tax which eliminates the IRS altogether. You may be familiar with it, but it solves the problem of tax cheats, illegal immigrants, and black market (or any under the table) transactions. It could save us, but people see the elimination of the IRS as too radical.