2014 AR Senate debate: on Tax Reform

Nathan LaFrance: Replace income tax with national sales tax

1. COMPLETELY REPEAL the ENTIRE current federal tax code.
2. IMMEDIATELY implement a FLAT TAX on personal and corporate income, effective 1/1/15. Every American individual and business will pay this fixed tax rate; no more loopholes, tax shelters, etc.
3. Implement a NATIONAL SALES TAX to replace ALL income taxes, by 1/1/18. Nathan believes that we should reward productive work in any way we can, and we can do that by not taxing it. By moving to a national sales tax, we will only pay taxes on what we consume, which means our hard work and savings will NOT BE TAXED.