FairTax Debates

Purchased an advance copy of Boortz and Linder's FairTax book. One of the most cogent rebuttals I've heard concerning the FairTax is that in order not to send deficits sky-high, the national sales tax proposed would have to be something on the order of 30% or so… which would inevitably prompt avoidance behavior, further reducing state revenue. Therefore, it will never pass.

I'm not sure of the extent to which the numbers eventually fall into place: nobody is, because it depends on the specific proposal put into law. FairTax is a real piece of legislation, not an incremental wonkish tinkering. Therefore, it faces higher hurdles than the sort of everyday, out-of-sight Congressional business we're accustomed to getting from DC.

However, even if this is true, thhere are four mitigating reasons to support the FairTax proposal.

(more…)

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