Saturday, May 2, 2009
Hank Adler (Chapman University, George Argyros School of Business & Economics) & Hugh Hewitt (Chapman University, School of Law) have published The FairTax Fantasy: An Honest Look at a Very, Very Bad Idea (Townhall Press, 2009). Here is the publisher's description:
Launched by talk radio host Neal Boortz and Georgia Congressman John Linder and embraced by Presidential candidate and former Arkansas Governor Mike Huckabee, the FairTax movement, though relatively small, has grown into a significant and very media-savvy force pushing for radical changes in the way the federal government will collect taxes.
The details of that plan, and why its advocacy is a disaster for the GOP and why its implementation would be a disaster for the United States are discussed in this book. Put simply, the imposition of a massive new sales tax -- at least 30% but probably much higher -- on every product consumed in the United States and accompanied by the simultaneous repeal of the federal income tax code is a risky and deeply dangerous attempt to sell simplicity to a tax weary public. Hank Adler and Hugh Hewitt both favor real tax reform, but don't advocate either economic or political suicide. The FairTax is both.