Most of the money collected in the income tax comes from brackets $50,000 and below, from working people. The way in which my proposal helps them is it gives them back control of their money. Until they decide how to spend it, the government doesn't get to tax it, and if they spend it on the basic necessities of life, people who are poor, people who are on fixed incomes and so forth and so on, they wouldn't have to pay taxes, but also other people who are at a time in life where maybe they're saving for the down payment on their house or trying to do something else, they would be able to give themselves tax cuts just by controlling the pattern of their consumption. So, it put everyone—poor and working people—back in control of their own economic life.
PBS' Newshour with Jim Lehrer, December 20, 1999