Trueck's Article Rings True - Reader comments at The New York Sun

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On Taxes, Huckabee Leads

Submitted by Dan Mastromarco, Dec 7, 2007 11:38

David Trueck's article is absolutely on point. One can only hope that smart voters will reward Governor Huckabee for having the courage to support a tax plan, the FairTax, that journalists often do not take the time to understand.

The FairTax untaxes savings, now at Depression Era levels, in order to enable all Americans to enjoy the most universal form of IRA -- a tax system where income is not taxed until spent. The FairTax offers the best assurance politicians will lower taxes, because it makes the hidden taxes we now pay in the price of goods painfully and honestly visible in each purchase price. Today, by exempting 40 percent of Americans from the tax system, we marginalizes would-be stakeholders who do not feel vested in the level of taxes the rest of the 60 percent pay. The FairTax untaxes exports made by American workers with American plants, instead of requiring U.S.-produced goods to try to compete against foreign-produced good with the corporate taxes, payroll taxes and capital gains taxes buried in their product price. It ends the free ride given to imports from China and the rest of the world by taxing foreign goods the same as U.S. goods when consumed here (today, every importing nation removes the taxes at their border so their goods can compete unfairly against U.S. goods). It even helps to solve the illegal "immigration" by making it certain illegal aliens pay taxes on their purchases and by requiring them to document their status to qualify for the FairTax refund. But most importantly, the FairTax generates economic growth, by not taxing investment in plant and equipment, research and development -- our very seed corn. And by doing so, and expanding the base of tax, it enables marginal rates to fall. Finally, the FairTax is fair, since the tax falls not on income, but on those who have the ability to consume beyond their needs. And it is fair because it eliminates the $270 billion or so wasted dollars we spend on compliance, enabling Americans to redirect those costs to more useful endeavors. Rudolf Giuliani and Mitt Romney should be required to explain defend the "buggy-whip" of the 21st Century -- the income tax.

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Other reader comments on this article

Comment	By	Date
I hope the FAIRTAX passes. It will be laughed at for 100 years. What research was done on it? Did... [MORE]	Mark Douglas	Jan 13, 2008 11:31
When I first heard about the fairtax, I shared the same concerns as you, until I went to fairtax.org and... [MORE]	Doug	Jan 17, 2008 10:57
What research. I read the book. I looked at all the material I could. I didnt see ANY research. WHy?... [MORE]	Mark	Jan 17, 2008 22:43
ron paul wants to get rid of the irs ,can it be any better than that!!!!!ron paul wants enforce the... [MORE]	the truth is good	Dec 12, 2007 11:00
I wish to commend your paper for being the first I have seen to make fair and balanced comments on... [MORE]	Jim Bennett	Dec 7, 2007 18:28
The Fair Tax is a horrible compromise. It does nothing to decrease government spending, hurts the middle class, benefits the... [MORE]	Paul Weber	Dec 8, 2007 01:22
Paul, I partially agree with your first comment that the Fair Tax does nothing for spending. However when the cost of... [MORE]	Jim Bennett	Dec 8, 2007 07:48
It is without a doubt the most refreshing and principled stand by a Presidential candidate that I have ever witnessed... [MORE]	Jeffrey Locke	Dec 7, 2007 18:12
I have this to say in defense of the FAIR TAX, HR 25 / S 1025............................Mike Huckabee's Fair Tax that... [MORE]	John Paul McDaniel	Dec 7, 2007 17:22
Sir, I am also a Texan (by way of UT Austin) and am a large supporter of Mr. Huckabee and his... [MORE]	Jeff Gillingham	Dec 8, 2007 18:09
Too much is made of the way the actual cost of the tax is figured. It basically all comes out... [MORE]	Jeff Wangsgard	Dec 9, 2007 12:33
When business buy supplies to produce their product or service, they pay no fairtax, thus lowering the cost they Fairtax... [MORE]	Jack Metzel	Dec 13, 2007 16:15
Look at page 148 of the Fair Tax book. It says the government "is itself a major taxpayer" and that... [MORE]	Mark	Jan 17, 2008 22:38
Don't trust him, he's a populist wacko [MORE]	Jonas	Dec 7, 2007 15:38
The FairTax is nothing more than a plan for a huge shift of the tax burden from the wealthiest to... [MORE]	FairTaxFraud	Dec 7, 2007 12:17
Can any one who has truthfully studied the FairTax....even with the few flaws it has...honestley say that keeping the system... [MORE]	Jeff Wangsgard	Dec 8, 2007 10:57
I wish fairtaxfraud had listed just what his vested interest in the current tax system is. Those with something to... [MORE]	Tom Kropewnicki	Dec 9, 2007 11:39
David Trueck's article is absolutely on point. One can only hope that smart voters will reward Governor Huckabee for having...	Dan Mastromarco	Dec 7, 2007 11:38
Wow, I hardly know what to say. As a FairTax proponent I have spent the last couple of weeks playing... [MORE]	David Boone	Dec 7, 2007 17:24
The Club for Growth (Club for Greed) would have ran negative ads against Ronald Reagan - Mike Huckabee is the candidate... [MORE]	Liz	Dec 7, 2007 08:37