On the surface it looks like the Presidents Plan to increase Taxes is a good idea. It's hard to argue against everyone paying the same tax rate. In fact, Republicrats have often talked about the idea of a "Flat Tax".
Current Tax Law is a mess with hundreds of special deals and loopholes for special interest groups. It would seem that the only people who DON'T get a special deal are those people working on a salary making under 100K. Even Social Security contributions are cut off for those earning more than $108,000 per year.
Spending is Washington is a Huge Problem but spending cuts alone will not solve our current mess. Tax reform and a balanced tax law are needed to make sure everyone is paying their fair share.
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