Voinovich: Down with the tax code!

This is interesting: Sen. George Voinovich announced today that he's decided to co-sponsor the Tax Code Termination Act – legislation that would REPEAL the U.S. Tax Code by 2010!

The goal of the bill is to essentially force Congress to reauthorize the current tax code or replace it with a new system.

“Washington has become too accustomed to its current culture – a culture that’s destroying our competitiveness in the global marketplace,” said Voinovich, a Cleveland Republican. “Drastic measures are needed if we want to create better jobs and a higher quality of life for our kids and grandkids.”

Drastic indeed!

The Tax Code Termination Act, which comes from Sen. Johnny Isakson, R-Ga., would create a bipartisan commission that would be required to examine and to recommend to Congress plausible replacements for the tax code.

“Congress needs a serious overhaul of its tax code if we’re going to get this country back on the right track,” Voinovich said. “While it won’t be easy to pass this legislation, it will at least help us bring attention to this problem, and force this Congress and administration to deal with these looming issues instead of passing the buck to future generations.”

What do you think? Should Congress do away with the current tax code?