Texas Senator Ted Cruz wants to abolish the IRS. The director of tax policy studies at the conservative think tank, the Cato Institute, says this may be the time. Chris Edwards praises the Republican.
“We need to both abolish the IRS and enact major tax reform,” Edwards says, “going to something like the flat tax. I think that’s the senator’s basic idea.”
Edwards says the last major reform of the tax code was more than 25 years ago, when Ronald Reagan was in the White House. Since then, he says the best chance for more reform was in the 1990s, when Republicans controlled both the House and Senate. President Clinton wasn’t interested.
Making the change will take some time, but putting a Republican in the White House might make it possible, according to Edwards.
“Especially in the wake of the recent IRS scandal,” he explains. “People know the tax code is broken, so good for Senator Cruz in raising the issue of scrapping the IRS.”