Rob Sobhani on Tax Reform

15% flat rate for most workers; high earners pay more

Institute a national sales tax to balance the budget

1. We must cut overall spending. No program should be immune from cuts. The target should be to bring the overall Federal spending to the 2001 leve
2. We must institute a national sales tax (retail and wholesale) for a three year period. This national sales tax would fluctuate after a three year phase in to whatever level is required to balance the budget for each year (i.e. a true pay-as-you-go system)
3. We must simplify our tax code to reward savings and allow US companies to invest in America instead of keeping their cash overseas.