Submitted by Jim Ullom, Jan 28, 2008 17:36

This approach, while inventive, cotinues to allow politicians the opportunity to modify the tax code to satisfy various special interests. First of all, what constitutes "Income"? Our current tax code has hundreds of categories that can be manipulated to get tax breaks for favors. Next, this approach does nothing about the most regressive tax of all - the payroll taxes for Medicare and Social Security. These taxes hit the lower income earners hardest. Third, this proposal allows congress to promote "class warfare" by setting additional rates for higher incomes. This has been used for years by congressional representatives to obtain votes. Fourth, this proposal does nothing to ease up the tax burden of corporations - who pass these costs on to consumers in the form of higher prices. These imbedded taxes currently make American-made goods more expensive on the world market than those of other countries. Fifth, your proposal endorses taxes (or rather, deductions) for encouraging or discouraging consumer behavior. That allows congress to continue to "buy" votes. Finally, this proposal does nothing to eliminate the cost to businesses for compliance. Tax implications are a major part of any business planning and the cost to American businesses (actually, to American consumers) is estimated to be in the hundreds of millions of dollars each year..

The "FairTax" proposal championed by Huckabee is endorsed by over 70 current congressmen, over 70 leading economists, and has been proven in research by Harvard University, Boston College, the Heritage Foundation, and the Cato Institute. It is currently the most fully researched tax bill ever proposed in congress. You can read the entire proposal by visiting www.thomases.gov and reading H.R.25 or visit www.fairtax.org to learn more about this revolutionary proposal.

Note: Comments are screened, and in some cases edited, before posting. We reserve the right to reject anything we find objectionable.