The Mudcat Café TM
Thread #108747 Message #2266352
Posted By: Ebbie
19-Feb-08 - 12:06 PM
Thread Name: BS: A question for the candidates
Subject: RE: BS: A question for the candidates
Little Hawk, behind his affable manner Huckabee holds some really short-sighted positions. Here is just one (Can you imagine the expensive and ultimately unworkable monthly payback to the thousands, even millions, of people who would qualify? Not to mention that his projected 30% 'fair tax would not even cover the cost of our military, let alone the other taxes):
"Huckabee's plan centers around the "FairTax," under which all federal income and payroll taxes (personal federal, corporate federal, gift, estate, capital gains, alternative minimum, Social Security, Medicare, self-employment taxes) would be eliminated and replaced with a "consumption tax," known to some as a national sales tax. Plan would provide a monthly rebate or reimbursement for taxes on purchases up to the poverty line so that taxpayers aren't taxed on necessities, allowing for those living below the poverty line to avoid federal taxes altogether. Taxes would be applied only to new goods, allowing tax savings by purchasing, for example, a used car. Believes the FairTax will promote investment and discourage American companies from moving overseas and entice foreign companies to come to the U.S. and create jobs."