Your esteemed UP co-founders Steve Forbes and Steve Moore make the case in today’s WSJ:

Making the Tax Cuts and Jobs Act permanent would be a good start for Congress in 2025. But it’s time to take an even bigger step: creating a simplified flat tax for all. The TCJA got us close to this goal, and a few additional reforms would get it done.

Collapsing the personal-income and corporate tax rates to 15% would have huge economic benefits. America would suddenly have one of the lowest tax rates in the world, resulting in trillions of dollars of new capital flow and a spike in take-home pay.

The piece also notes that only 9% of tax filers today itemize deductions. Almost all of the benefits from the remaining deductions and loopholes benefit millionaires and billionaires. So eliminating all deductions will “make the rich their fair share” but at a lower tax rate for everyone. How could Bernie Sanders complain?