Here is a Wall Street Journal Article from March 26, 2009 "White House Leans Toward Tighter Enforcement of Taxes." I would like to thank Doug Hartlove, NJ-11, for spotting it and Bill Spillane, CA-SD, for getting the online version.
Note the fifth paragraph:
"A growing number of experts and many lawmakers believe the current U.S. income-tax system isn't raising enough money because it is obsolete. They say the U.S. should consider switching to more efficient means of raising revenue -- FOR EXAMPLE, TAXES ON CONSUMPTION." (Emphasis added.)
This development poses both an opportunity and a warning. The opportunity is that experts and lawmakers are leaning towards a consumption tax, for example, the Fair Tax. The warning is that we may end up with both a consumption tax and income taxes.
This is a time to write your lawmakers and say yes to the Fair Tax, but no to both.
~Jim
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