FROM John Irons
The Flat Tax America's "progressive" income tax takes a larger percentage from high earners than those lower down on the scale. At the moment, there are six tax "brackets," ranging from 10 to 35 percent. Republican presidential candidates Herman Cain and Rick Perry want to replace "progressive" taxation with new versions of the so-called "flat tax," which begins with the idea that all income should be taxed at the same rate. Abraham Lincoln levied the first "flat tax" to finance the Civil War. Since then, the idea's been revived by candidates of both parties, including California Democrat Jerry Brown, when he ran for president in 1992 and Republican Steve Forbes in 1996. What is the "flat tax?" Is it simple? Is it fair? Why do proposals often shift the burden from wealthy taxpayers to those in the Middle Class?
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?
The longest US war: Will Trump send more troops to Afghanistan? The Trump White House is divided over the Pentagon's request for more troops in Afghanistan—where the US has been fighting for the past 16 years. Is there a formula -- either for "victory" or a political settlement? Is there an end in sight for America's longest war?
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.