A 'yes, we can' plan with beef: Nix IRS
Posted: February 23, 2008
1:00 am Eastern
© 2008
With the wide public sympathy today for "cleaning up Washington," it's too bad more attention hasn't been given to Mike Huckabee's "Fair Tax" proposal.
There is no perfectly constructed tax, and this idea, like all, has its critics. But it also has huge benefits relevant to today's concerns and warrants much more serious attention than it's getting.
The proposal would get rid of all existing taxes – the income tax on individuals and corporations, the payroll tax, the estate (death) tax – and replace them with a single national retail sales tax. Fair Tax proponents say that it would take a sales tax of 23 percent to meet current obligations.
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