Section 1 Congress shall make no income laws with rates that do not apply equally to all required payers.
Section 2 Congress shall make no laws conveying income tax exemptions or deductions that do not apply equally to all payers of said tax.
Section 3 Congress shall make no income laws exempting income above the poverty level.
The idea behind this amendment is to get rid of the Progressive income tax. Those who are promoting this idea envision the adaption of a flat rate 15% income tax. They want to eliminate all deductions, special breaks, and loopholes.
The motivation behind this effort is to starve the beast. Since the turn of 20th century, when the Federal Reserve was created and the Progressive Income Tax was introduced, government has consistently grown year in and year out.
Progressive policies have been have been undermining and destroying the American economy for more than a century. From the beginning of the last century to the last year during the Obama administration, there are a lot of bad policies that need to be eliminated.
The economy has been seriously weighted down by over-regulation. This is not to mention the oppressive laws and regulations that suppress individual’s freedom with their endless “dos and don’ts.”
The Trump administration has also begun to negotiate with people in Congress to cut taxes and reform the tax code. They want to give tax breaks to large and small businesses as well as to ordinary tax-paying citizens.
Unfortunately, they are experiencing resistance. This does not bode well for the economy. Even greater resistance is being mounted against reducing the size of our bloated governments witnessed in the passage of the $1.1 Trillion 2017 budget package. If President Trump cannot manage an out-of-control Congress, we will have very difficult time ahead.