Alexander Snitker on Tax Reform

Repeal the 16th Amendment; add Balanced Budget Amendment

A: First, we must repeal the 16th Amendment (income tax) and replace it with a consumption-based system, such as the FairTax. Second, we need a balanced budget amendment to ensure congress ends deficit spending. Third, we need a "one subject per bill" act that prevents budget-busting earmarks.

FairTax: simple, fair, understandable, & encourages growth

Adopt a single-rate tax system.

The Contract from America, clause 4. Enact Fundamental Tax Reform:

Adopt a simple and fair single-rate tax system by scrapping the internal revenue code and replacing it with one that is no longer than 4,543 words--the length of the original Constitution.

Repeal tax hikes in capital gains and death taxes.

The Contract from America, clause 10. Stop the Tax Hikes:

Permanently repeal all tax hikes, including those to the income, capital gains, and death taxes, currently scheduled to begin in 2011.