• 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 / McCain proposes commission to come up with new US tax code

McCain proposes commission to come up with new US tax code

October 10, 2007 By admin

Republican candidate John McCain says if he’s elected president, he’ll appoint a new commission to come up with a new U.S. tax code. McCain would have someone like former Federal Reserve chief Alan Greenspan head the group and he would fashion the commission like the military base closure commission, which forbid any tinkering from congress as the House and Senate were only allowed to accept or reject that commission’s recommendations.

Americans are "sick and tired" of the tax code, according to McCain. Some Republicans, like western Iowa Congressman Steve King, back the idea of junking the income tax and imposing a national sales tax instead. Others, like former G-O-P presidential candidate Steve Forbes, advocate a "flat-tax" on income to simplify the tax code.

"I would sign either one if it came across my desk, but I don’t think either one are the entire solution," McCain says. According to McCain, that’s why you need a person of stature, like Greenspan, to head up a commission and come up with a new system.

McCain says it’s time to do something to simplify the system. "Americans paid $140 billion last year for preparation of their tax returns. Six out of every 10 Americans had to have to have somebody else do," McCain says. "I mean, it’s remarkable if you think about it."

McCain made his comments during taping of the Iowa Public Television program "Iowa Press" which airs Friday. McCain has been campaigning in Iowa today. Tomorrow he intends to unveil his ideas for health care reform.

 

 

Share this:

  • Facebook
  • Twitter

Filed Under: Politics / Govt Tagged With: Republican Party

Featured Stories

Bill would limit placement of solar arrays on farm ground

Marquette casino moving to land, leaving only 2 casino boats in Iowa

Reynolds signs her ‘school choice’ bill into law

Governor Reynolds touts 2024 Iowa Caucuses in Inaugural Address

University of Iowa grad presiding over U.S. House Speaker vote

TwitterFacebook
Tweets by RadioIowa

No coaching changes coming for Iowa football

Iowa State names new receivers coach

No. 2 Iowa visits No. 1 Penn State in wrestling dual Friday night

Iowa’s Clark brings increased exposure to women’s basketball

No. 18 Iowa State women visit TCU

More Sports

Archives

Copyright © 2023 ยท Learfield News & Ag, LLC