The Greatest American economic development stimulus policy to
create prosperity and renewed growth and much needed jobs would be
the abolishment of the current tax code in favor of a new hybrid
flat and fair tax code. Holbrook demonstrates how this new tax code
would be equitable and fair to all Americans. His argument is that
with the elimination of personal taxes and a new three layer tax
code built on the pay as we go principal of consumption taxes,
corporate gross revenue taxes, coupled with excise, import and
licensure fees the U.S. would have the lowest tax environment in
the world with the greatest revenue. It would also balance the
budget to current costs and all us to pay off our longterm national
debt to become fiscally the envy of the world. This would create
the greatest economic boom in United States recent history as
companies would flock back to the United States for new investments
and thus create much needed jobs for Americans
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