Marco Rubio wants to make your taxes simpler. Here's a better way to do that.

Mike Lee and Marco Rubio's new plan isn't a disaster, but it's terribly ill-suited to the problems it purports to solve

Sens. Marco Rubio (R-Fla.) and Mike Lee (R-Utah) are back with their tax reform plan, which they claim is a lot simpler.

There's a lot of moving parts to it. But one key part is consolidating the seven brackets in the income tax down to two: a 15 percent rate and a 35 percent rate, with $87,850 ($175,500 if you're married) as the cut-off between the two. "It's a flatter tax system," Rubio told a meeting of Club for Growth donors, Politico reported. "In an ideal world, it would be a simple one rate for everyone. Hopefully we'll move in that direction as a nation. We think this is achievable in the short term."

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.