Academic

"I look forward to nailing the going out of business sign on the front door of the IRS."

By Gordon Smith, Christine, Hurt, Vic Fleischer, Fred Tung, Lisa Fairfax, David Zaring

This was the opening line of Mike Huckabee's speech yesterday, who, of course, is running on the idea of abolishing the IRS and all federal income tax. To be replaced with the "fair tax," a national consumption tax. To be sure, people disagree about whether the tax will be fair, or if it would hit low-income households harder than others because they sometimes pay more for the items that they consume. Nevertheless, it was an opening that received lots of cheers.

Full post as published by Conglomerate on February 06, 2008 (boomark / email).