Comments on: Tax Talk 2007: Mike Huckabee

By: Richard Campbell

Richard Campbell — Wed, 21 Nov 2007 19:40:37 +0000

This is nothing more than a National Sales Tax. It will allow the rich to become even richer. Does anyone believe a CEO should be worth 400 times what the lowest wage earner in his company is compensated. To eliminate the tax on the portion of this income that they do not spend will make the disparity even greater.

By: Huckabee on the Fair Tax

Huckabee on the Fair Tax — Thu, 13 Sep 2007 00:37:03 +0000

[...] Huckabee is a huge proponent of the Fair Tax. He made this clear when I emailed his staff earlier this year with questions - and then again when I interviewed him by [...]

By: Carol

Carol — Fri, 25 May 2007 03:16:03 +0000

The statement “those dollars will purchase fewer things due to the consumption tax” is simply not true. Please read the entire bill and even The Fair Tax book and you’ll see where you are mistaken. Factor in the elimination of embedded taxes and income taxes and the addition of a prebate, and you’ve got a win/win. (Well, not for lobbyists, tax lawyers and accountants, and bureaucrats, but for the rest of us - YES!)

By: Colman

Colman — Thu, 24 May 2007 22:57:29 +0000

Governor Huckabee’s FairTax just doesn’t add up and he must know it:

The tax will be ‘revenue neutral’ yet ‘lowers the lifetime tax burden of all of us’.

Um, okay. I suppose he is relying on the old saw: we’ll reduce taxes and economic expansion will increase net tax raised. Well I don’t see how the economy is going to expand when prices suddenly jump. So we’ll have more dollars in our paycheck, but those dollars will purchase fewer things due to the consumption tax.

I am particularly amused by former Governor’s suggestion that the French businesses have an easier time then their counterparts in US. Although the burden of VAT does not fall on businesses they still have corporation tax, payroll taxes, social security, the cost of compliance (and compliance with VAT exports is tortuous) and all the rest. And at higher rates then in the US.