US President George W. Bush said on Tuesday about replacing the domestic income system with a national sales tax that: "It's an interesting idea," and one worth considering for a possible second term.
"You know, I'm not exactly sure how big the national sales tax is going to have to be, but it's the kind of interesting idea that we ought to explore seriously," Mr Bush told an ‘Ask President Bush’ campaign forum in Florida.
The notion of a national sales tax or flat income tax rate has been mulled over by Bush administration economists for some time as a way of significantly simplifying the nation’s tax code.
However, the proposal has not gained much ground beyond the White House with opponents arguing that a flat tax would leave working and middle class voters worse off whilst benefiting the wealthy.
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