Candidate Johnson: I’d abolish the IRS | Iowa Caucuses

Candidate Johnson: I’d abolish the IRS | Iowa Caucuses: William Petroski, June 14, 2011:

"Former New Mexico Gov. Gary Johnson said Monday night he favors steep cuts in the federal budget and would work to abolish the Internal Revenue Service if elected president.

“'I think the biggest issue facing this country right now is that we are bankrupt and on the verge of a financial collapse,' Johnson told about 75 people at an Iowa Tea Party event at the Elks Lodge here.

"Johnson, who announced in April that he would seek the Republican nomination, predicted the nation’s financial troubles will be manifested in a bond market collapse. He vowed to fight for a balanced federal budget to avert such a calamity, adding he would replace federal personal and corporate income taxes with the so-called Fair Tax, in essence a national sales tax."

Read more: http://caucuses.desmoinesregister.com/2011/06/14/candidate-johnson-id-abolish-the-irs/