Thursday, July 15, 2010

FairTax Becomes GOP Dogma In Race For U.S. House Seat

Associated Press
The Athens Banner-Herald
July 15, 2010

LAWRENCEVILLE - Rarely has tax policy so dominated an election as in the race to succeed U.S. Rep. John Linder, a Georgia Republican who became an icon among fiscal conservatives for co-authoring a best-selling book on replacing the national income tax with a sales tax.

The eight Republicans trying to succeed Linder don't argue over whether the country should adopt a consumption tax - called the "FairTax" by Linder. Instead, they disagree over who knows it best and believes in it most.

With a FairTax, people would be taxed not on what they earn but rather on what they spend. Proponents say the system would effectively end the need for the Internal Revenue Service and the nation's complicated tax code, although economists and other critics question whether it would raise enough money to fund government.

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