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04-08-2010, 06:31 AM #21Originally Posted by MW
Does it have a chance to pass? Oh yes, it definitely has a chance to pass. It has 61 Co-Sponsors in the US House of Representatives, 8 x the number of sponsors that any of the Obama Care proposals had. In addition, Democrats in Congress are finally coming forward and admitting that the income tax system is a failure and their economic advisers are recommending a national sales tax of some type, many of them pushing the value-added tax or a VAT which while it's not as efficient, simple and transparent as the FairTax, it is a national sales tax nonetheless. This is an important development because it dissipates all the talking points against a national retail sales tax like the FairTax.
As the issue bubbles up to the forefront, I think the advantages of the FairTax national retail sales tax and the rock of reason upon which it stands will prevail. I sure hope so, because it's what our country needs to fix the errors of the past that have destroyed our economy and bankrupted our government.
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