Do you understand the FairTax reform?
Submitted from Presidential Race Blog
Reports are out that so far 5 Presidential candidates have joined in supporting the FairTax bill. Not everyone may be familiar with this bill, but it has been gaining strength and currently has 250,000 members behind it.
Presidential candidates Senator McCain, Tommy Thompson, Tom Tancredo, Duncan Hunter, and Mike Huckabee have all stated that they support this bill, but do you know what it entails? So far I am unaware of any Democratic candidates that are interested in this bill, or similar ones to reform the income tax code. Yet there is great interest to improve the tax system, creating something that is equitable and affordable, while providing the government the funds it needs to operate.