Monday, March 10, 2008

At Least John McCain is Honest...

...on John McCain's comment that he doesn't know much about economics and his proposed radical tax plan.

2 comments:

TRM said...

In losing Huckabee we lost the best friend to tax reform there was, the FairTax, which I think is the exact radical change to our tax system we need...

Any thoughts on it?

jroosh said...

I am definitely for a flat tax but the CPA lobby is formidable so it is unlikely to happen. Huckabee's proposal is a form of flat tax on the consumption side, as I understand it, a national sales tax.

I am less enthused about that form of flat tax as it places a burden on businesses and (albeit indirectly) creates an incentive for taxpayers to reduce consumption and our economy is very much consumer-based.