U.S. News & World Report inadvertently suggests why horse trading to get out from under our bad federal tax system may be tough to pull off.
The article states a consumption-based tax code could come about as some kind of a trade involving raising the cap on the Social Security payroll tax.
Ugghhhh...
These people really need to familiarize themselves with the FairTax before they try to discuss real tax reform. The FairTax would replace all income-based taxes and taxes on savings and investments, including the Social Security payroll tax. Democrats are establishing a solid track record of lying about the FairTax rather than addressing it.
