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Politics : Sharks in the Septic Tank

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To: Lane3 who wrote (15102)	5/31/2001 2:45:57 PM
From: Bald Eagle	Read Replies (1) of 82486

How about this idea? Short H & R block and accounting firms if it looks like happening. Now seriously considered is something much more radical than the flat tax: a national sales tax plan called the "Fair Tax." It is truly radical. All income taxes and payroll taxes would be repealed (with the Constitution amended to prevent their reappearance). A flat sales tax on new property transactions, with no exemptions, would provide all federal revenue. Tax rebates would actually increase the comparative tax burden for the wealthy, who would gladly accept emancipation from IRS paperwork as a tradeoff. It may sound utopian, but the plan commands impressive starting support in Congress. Among the believers is one of Washington's most influential figures: House Majority Whip Tom DeLay. His design for transforming the nation's political culture includes tax reform that would minimize the impact of the governing class, especially the K Street lobbyists.

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