
What part of 'job creation' don't you understand?
Tell me again how its fair to custom design taxes for individuals and companies based on their ability to contribute to political campaigns...
Simple and fair means we all pay the same rate and get EXACTLY the same deduction.
Simple and fair means not making business decisions based on the tax implications of those decisions.
Tax reform is the necessary beginning. Until we have a clue as to what the tax base is actually worth, ALL other reform attempts are just wheels spinning in mud. The Constitution may be the blue-print, but the budget is the foundation upon which the entire government built. That's why congress not passing a budget in so many years is so frightening.
Simple is all you're offering; "fair" does not include favoring labor over capital. "Job creation", while a beneficial side effect, is not the goal of capitalism; efficiency in production is the goal. That is how wealth is created.
While I agree that there are abuses in the awarding of tax benefits, your approach is dramatically more unfair and inefficient, and flies in the face of basic common sense. We have a system by which business income is determined, and it includes all inputs to production; machinery, plant, raw materials, marketing, finance, all play a role and deserve equal consideration as part of the cost of the product or service produced. You would throw out all of those costs and tax any revenue created without significant amounts of labor. Let's assume we have a business that sells $1 million worth of widgets produced in a factory and the labor cost is $100,000, and their net profit is 5%. Under your system, they would be taxed at 18% on $875,000, or $157,500, but their net is only $50,000. That factory would never be built under that scenario. That doesn't seem to be an economically sound tax regime, nor would it aid job creation.
No, the beginning for tax reform is not to throw out hundreds of years of experience and knowledge about what, in fact, comprises business income. The beginning is to look at credits and deductions that do not align with normal business income principles and decide whether or not those tax advantages are fair or unfair, and then to phase them out slowly to avoid inevitable unintended consequences. For instance, is it fair to offer credits for alternative energy like solar and wind? Environmentalists would say yes, because it will ultimately lead to cleaner and renewable energy which the current economics do not support; others would say it's just a gift to the "green" crowd from a liberal administration. There are no simple answers to these issues and they certainly cannot be solved by your one line tax "plan." Sorry.