A Florida Independent running for U.S. Senate is calling for a “fair flat tax,” saying he differs from both the Trump plan by Republicans and the Biden plan by Democrats.
Independent U.S. Senate candidate Ben Everidge says political independents like himself can and should offer rational new solutions to tired old major political party policies like the Republican proposal to extend former President Donald Trump’s controversial tax cuts for the wealthy and big corporations and the Democratic plan from President Joe Biden for more taxes on both of them.
“If Republicans win control of the White House and Congress in November’s elections, the GOP is promising even more tax cuts for the wealthy and big corporations in America, beyond what they already did with the Tax Cuts and Jobs Act (TCJA) in 2017,” Everidge said. “The middle class and future generations of Americans already recognize that they will be paying the ultimate cost of this reckless program. Democrats, not to be outdone on practicing poor fiscal theory, want to tax upper-income earners and corporations, which only leaves Americans facing the prospect of either three or four trillion dollars in additional national debt or unacceptably higher percentages of inflation, which is already wreaking havoc on middle and lower-income families.”
Everidge proposes:
- The individual TCJA tax rates that expire in 2025 be made permanent.
- The maximum corporate tax rate be lowered to 15%, as opposed to the GOP’s proposed 21%, to boost American competitiveness and higher payrolls.
- Needed investments in child and elder care, affordable housing, and education can better be paid for through a dedicated commitment to funding from public-private-philanthropic investments rather than more taxes.
- A fair flat tax at a maximum rate of 10% should be adopted as early as fiscal year 2027, coupled with targeted budget cuts in each intervening fiscal year.
“Instead of further driving the stake of economic division and destruction into our hearts, political leaders should pivot completely and do something new: Reform our tax code to treat all Americans the same with a flat fair tax that will lower middle-class taxes and ensure that the wealthy pay the same percentage rate as everyone else,” proposed Everidge.
The Florida independent said Americans want a more rational and predictable tax system than what Republicans and Democrats have offered. He hopes to add the question of moving to a flat fair tax for individuals and corporations to the political mix. He also thinks a new tax system will come with help from America’s independents.
“The back-and-forth tax drama between our two major parties has got to end,” Everidge said. “Neither policy has worked for America, and the division the two major party’s economic policy is causing has been harmful to democracy.”
