This means setting PERMANENT rates that are not subject to a vote to maintain.
No law or statute in this country is permanent, including those codified in the Constitution. Furthermore, a session of Congress cannot be bound by any previous session of Congress. The best one could hope for would be an amendment to the Constitution, but again, this is reversable.
Bring down our business tax rate, ours is one of highest in the world and one of the few that taxes income made outside of the country.
Our corporate tax rate is one of the highest but is one of the lowest in revenue. This rate could be lowered if all/most deductions are removed. Some charts to mull over.
CAP income tax rates. Set them in stone. None of this "we will renew it next year crap"
See my previous response.
Flatten tax rates.
Having a flatter tax rate does nothing but give the wealthiest Americans more money. If giving more money to wealthy people was such a fantastic driver of economic prosperity I suspect we wouldn't be having this convesation. There a any number of ways we could reduce spending and increase revenues. None of the things you posit will balance our books.
You might or might not think that's a problem but the U.S. tax code is as progressive or more progressive than most other developed nations.
The Income Tax in the U.S. is indeed progressive, but that is only one kind of tax. The very rich don't pay full social security taxes, for example (regressive). They also usually make most of their wealth by investing in securities which are taxed at a much lower rate. Most of the spending done in the tax code (mortgage interest deduction, for example) goes to the wealthy. Generally speaking, the middle-class bears most of the cost of government. If I had my choice, I would love to see a much simpler, consumption orientated, tax system here in the states.
Beware of all enterprises that require new clothes, and not rather a new wearer of clothes. -- Henry David Thoreau