HR 510 would repeal nearly all of the federal Tax Code. Rep. Ron Lewis is the only Kentucky co-sponsor. The rest of the state's delegation should be made to explain why they prefer to keep the American people trapped under the current tax scheme when we could do better.
Repeal is the proper first step. We need to repeal payroll taxes as well, but scrapping the Code and giving Congress until December 31, 2010 to replace it would be a great way to start working on a solution to a problem we all agree we have.
In fact, the key to financial literacy isn't a school program or a public-private partnership preaching to kids. The key to financial literacy is getting rid of payroll deductions for federal and state taxes. Make citizens write those checks themselves and see how fast they start paying attention to personal financial and public fiscal matters.
