Kasich Flirts With Flat Tax

Beware presidential wanabes seeking big money donations. After all, the working poor wont/can't contribute to campaigns against their own interests. Can Kasich say “income inequality”? I didn't think he could.
From the DDN: As he toys with running for president, Gov. John Kasich also is flirting with another idea: Backing a variation of magazine publisher Steve Forbes’ plan to overhaul the federal tax code[by instituting a flat tax]. If he follows his Ohio model he would also include a sales tax at the federal level.
http://www.taxpolicycenter.org/taxtopics/encyclopedia/Flat-Tax.cfmA central issue in tax reform is always who wins and who loses. Under the
flat tax, low-income households would lose because they now pay no income
tax and are eligible for a refundable EITC of up to $3,370. Although the
flat tax is more progressive than a VAT [sales tax], it is more regressive than the
current system. A flat tax would provide huge gains for high-income
households because their marginal tax rate would fall..... As a result, if
a flat tax were to raise as much revenue as the current system, the tax
burden for the middle class would have to rise. Consumption taxes would raise tax burdens on lower-and middle-income households over any time frame.
Posted by Paul Hunter