The people who are at the head of the Fairtax have been studying thei ssue for twenty years. I think they've already had all the criticisms and questions posed to them. I am reading the book right now though and then will read the website.
HOWEVER, I do not believe the Fairtax is a good idea right now because we would first need a Constitutional amendment to prevent Congress from re-instituting an income tax.
I could see it now, we get the Fairtax passed and the income tax abolished, then ten to twenty years down the road, some a-hole in Congress says we need to institute an income tax.
One problem I am wondering though is, in the Fairtax book, they say that the Republicans said originally that they would not vote for a permanent income tax unless a Constitutional amendment was passed allowing it, because surely such an amendment would NEVER pass through Congress, right?
It sailed through.
So what I wonder is, let's assume we amend the Consititution to say, "NO INCOME TAX!" and implement the Fairtax...well what is to stop the same thing from happening, some guy in Congress says, "We "need" an income tax," and conservatives and libertarians say, "Not without a Constitutional amendment that would allow it..." and thus the amendment get passed...?
Unless this Constitutional amendment were to say that Congress cannot implement an income tax unless they at the same time get rid of the Fairtax...?
Huckabee wants to introduce a Veteran's Bill of Rights and increase military spending from 3.9% of the GDP to 6% of the GDP (a throwback to the Reagan years). Funding? .... yes.
Sounds good to me, but he will run a large deficit unless the Congress works to get rid of a good chunk of those social programs (which the Democrat-controlled Congress would not do right now).