• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Politics / Govt / Congressman wants to get rid of income tax

Congressman wants to get rid of income tax

March 11, 2004 By admin

Congressman Steve King says it’s time to get rid of the federal income tax, and collect a national sales tax instead. King says about 80 members of Congress support the move, which he says will “fix all our economic problems.” King says Congress could “untax the poor” and a lot of people who aren’t paying taxes now would have to pay a sales tax when they purchase goods and services. King cites drug dealers, prostitutes, tourists and illegal immigrants as examples. Critics of a national sales tax say Americans would spend less and the move would harm the U.S. economy which depends heavily on retail sales. King disputes that. King says the price of everything is inflated an average of 22 percent to cover the taxes businesses must pay. He says that makes a national sales tax a “wash” and he says it’ll put more money in Americans’ pockets since they won’t be paying federal income taxes anymore. King doesn’t expect the idea to become reality this year, but he says it’ll be a “live round” in 2005. King calls a national sales tax a “fair tax” because it would tax personal consumption. He says it would be a major means of fixing Social Security which today is financed by a payroll tax. And for the poor, King envisions a rebate on any sales taxes paid to achieve his goal of “untaxing the poor.”

Share this:

  • Facebook
  • Twitter

Filed Under: Politics / Govt Tagged With: Steve King, Taxes

Featured Stories

DOT plow crews struggling against blizzard conditions

Iowa delegation breaks along party lines on Trump impeachment vote

Two northeast Iowa men admit to illegally harvesting ginseng

Do you have to pay tax on your stimulus check?

All six in Iowa’s congressional delegation confirm Electoral College results

TwitterFacebook
Tweets by RadioIowa

Iowa State-Kansas postponed

Iowa-Michigan State postponed

Fire damage to Riverfront Stadium electrical system will cost Waterloo thousands

Iowa State at Kansas State postponed

Iowa State’s Foster to miss remainder of the season

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2021 ยท Learfield News & Ag, LLC