The Stability Economic (Buffett Reagan) Flat Income Tax is a new tax structure called for by former republican secretary of Treasure Paul O-Neill and the current democratic Secretary of Treasurer Tim Geithner. This Flat Income Tax is built on the Warren Buffett Rules and President Reagan rules. This Flat Income Tax Structure is written in easy to understand terms for you to compute your lower tax liabilities.
This flat tax system employs tax accountability for special interest legislation and entitlements. This system will balance the budget each year and eliminate the national debt in 25 to 30 years. Under the Stability Economic Act Social Security, Medicare, Medicaid are preserved and improved without sacrifice to the recipients. Graduates with Student Loans will receive relief. Stability Economics is contrasted to Supply Side Economics.
Provides a 30% flat income tax rate structure for both the state and federal government.
Provides tax accountability for special interest legislation – this is a unique feature.
Reduces tax accounting cost for all businesses – another unique feature. Assures a U.S. balanced budget every year.
Pays down the national debt in 25 to 30 years.
Provides student loan relief to graduates.
Systematically stimulates the U.S. Economy.
Preserves Social Security
THE STABILITY ECONOMIC NATIONAL HEALTH CARE ACT (Book III)
WILL PRESERVE MEDICARE AND MEDICAID AND WILL REDUCE health care cost by 30% for citizens and government, and improves health care including preventive medicine care for everyone.
About C.L. Leise
See more books from this Author
Published November 6, 2012
Business & Economics, Professional & Technical.