This posting is to alert readers to a new piece on the left hand side of RTE entitled A Critique Of The Final Report Of The President's Advisory Panel On Tax Reform Specifically As It Pertains To The FairTax. It is the last topic listed under The FairTax.
Following the executive order of GW Bush the subject panel studied several tax plans & issued a final report on November 1, 2005.
Although the panel's report is several years old it continues to be used by critics of the FairTax to take advantage that it is one of the most misunderstood documents ever written especially as it (does not) pertains to the FairTax.
The biggest single problem centers around one of the report's nine chapters addressing a national retail sales tax. Although it is not always called by name (the FairTax was called by name in only three places in the panel's report) it has been taken by critics of the FairTax that chapter nine of the panel's report was describing the FairTax which simply is not so for the reasons detailed in the above critique.
The problem is that critics of the FairTax – like people with vested interests in the current income tax system – have disingenuously presented unfavorable & opposing points every chance they can from the panel's report as if the panel was addressing the FairTax. The above critique addresses such opposing points to set the record straight.
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