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House Democrats didn’t mince words Tuesday in bashing the Fair Tax, a proposal popular in some conservative circles that would scrap federal income and payroll taxes for a national sales tax.
Proponents of the Fair Tax say it would increase transparency and better encourage saving among American workers. But Democrats on the House Ways and Means Committee, which held a hearing on consumption taxes Tuesday, offered a slew of criticisms of the plan, offering concerns about its effect on lower- and middle-class workers.
Former Arkansas Gov. Mike Huckabee (R) did tout the Fair Tax at the hearing, asserting that it would reverse inequities in the current system.
“The Fair Tax doesn’t punish people for their productivity, and it does not reward them for their irresponsibility,” Huckabee said. “And that’s the essence of it.”
Originally posted by jibeho
No surprise with the reception from the Democrats. Personally, I think the Fair Tax is the best thing since sliced bread. Especially because it would eliminate the IRS completely.