Republicans propose big tax cuts, spending curbs
http://news.yahoo.com/s/ap/20090401/ap_on_go_co/congress_budget
The GOP plan would offer a dramatically simplified tax code in which couples would have the option of a 10 percent rate on the first $100,000 of income, with a 25 percent rate thereafter, with the first $25,000 of income exempt from taxation. Single could get a $12,500 exemption and a 10 percent rate on income up to $50,000.
Taxpayers could also opt to remain in the current system.