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August 14, 2005
Pay Attention: A Fair Tax for America
The book on a national consumption-based tax to replace the income tax is out, and it is #1 on the New York Times bestseller list. The new book is by Congressman John Linder—sponsor of fair tax legislation—and Atlanta-based syndicated radio guy Neal Boortz.
We’ve talked about the fair tax a few times this year, here, here, and here.
The proposed change would be an enormous boost for America and it would be remarkably fair to individuals at all parts of the socio-economic spectrum. But it would put a lot of lobbyists out of work, so it is going to continue to face great opposition.
Boortz is on a huge book tour, and surprisingly the idea seems to be gaining some steam, at least among real people. We’ll see what it does in Congress.
Posted by Jim at August 14, 2005 07:34 AM