[pigdog]

"But HR25 clearly states that "unelected bureaucrats" in the SSA would determine the rate every year. You were wrong. Maybe, for once, you will admit it. "

Sorry but once again you win the "clunker" prize for oddball defense of your error. As I told you you had the incorrect view of the direction of the change - and that is according to all of the genuine economic analyses made of the FairTax. And to change the FairTax rate it would, indeed, take congressional action.

The "rate" mentioned in that portion of the bill refers (as I showed in post #334) to the proportional breakdown of the 23% overall rate into its 3 components which presently have a FairTax revenue allocation of 64.83%, 27.43%, and 7.73% respective for the General Revenue Rate, the S/S entitlement, and the M/C entitlement. The GRR overall is 14.91% on a standalone basis.

So whether the rate rises or falls IS very much the question ... and the answer is as I already gave it to you in post #334; the rates will FALL due to the factors shown in that post. Even so, it would take Congressional action to lower the FairTax rate.

[Your Nightmare]

So whether the rate rises or falls IS very much the question ... and the answer is as I already gave it to you in post #334; the rates will FALL due to the factors shown in that post. Even so, it would take Congressional action to lower the FairTax rate.

pigdog, you are so wrong it isn't even funny.

The bill clearly states that "The combined Federal tax rate percentage is the sum of the general revenue rate (as defined in paragraph (4), and the old-age, survivors and disability insurance rate, and the hospital insurance rate." and that "The old-age, survivors and disability insurance rate shall be determined by the Social Security Administration." and "The hospital insurance rate shall be determined by the Social Security Administration."

You are 0 for 2.