As Budget and Spending Debate Roils Capitol Hill, Opportunity Emerges To Replace Broken Tax Code With Consumption Levy

The American tax code is broken, mainly because it collects revenue in an arbitrary, distortionary, and unfair manner.

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Speaker Johnson is in the background as a colleague holds up the GOP budget resolution bill at the Capitol on February 25, 2025. Andrew Harnik/Getty Images

Republicans claim they are slashing government, but they’re about to explode the budget deficit to extend President Trump’s tax cuts — which would balloon interest payments on the national debt, already one of the largest expenses in the federal budget. That’s no way to slash the size of government.

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