FairTax HistoryIn 1994 three Houston businessmen were meeting together for lunch. As was common, they began commiserating about the ridiculousness of the Federal Income tax code. But at this particular lunch, they decided to do something about it and each pledged $1.5 Million as seed money to hire the best tax experts in the country to identify the faults with the current system, to determine what American citizens would like to see in tax reform, and then to design the best system of taxation. With their initial infusion of $4.5 Million, the three went on to raise an additional $17 Million. That money funded focus groups with citizens around the country and studies with nationally prominent experts in tax policy. Some of the experts funded include:
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"What do you want it to equal?"
He's one of the "economists" that signed a letter of encouragement for us to adopt the Kyoto treaty...He's never found a tax on the little people he didn't like, especially on energy, carbon taxes, energy credits etc.