Dubya's just looking for a way to throw the nation into a 3~5 year recession.
Right cut taxes, stimulate spending, make a recession. LOL.
Buchanan lost Willie, and the Clinton leftover recession is on its way into the mists of history. Get over it.
Better look to start cutting government programs don't you think?
Hmm! wonder if there is abit of agenda in that so-called testimony of you came up with
"on behalf of National Retail Federation"
PriceWaterhouseCoopers (PWC) study found
Retailers get together with an accounting firm highly dependent upon the current tax system for its profits, to do a study on retail sales taxes based on a Clinton administration budget projection for perpetual 11% increases. Wonder what conclusions besides a 65% tax rate, they are going to come to, LOL.
Fortunately "budget neutrality" against a Clinton administration wish list is not the criteria a replacement tax has been required to meet. Only the "revenue neutral" criteria of replacing revenue of the tax law replaced has been the rule to follow.
Furthermore not even the ridiculous requirement of "revenue" neutrality is required now. With the expiration of the Budget Enforcement and PayGo rules without renewal in order to open the way to make the Bush tax cuts permanent, actual tax cuts in a replacement revenue bill are possible without having to overcome the procedural interference of a democrat minority in opposition to building a strong economy.
Judging from the more uptodate Taxfoundation's figures above, It is clear to see why Linder has submitted HR25 for an uptodate analysis by the Congressional Research Service. With a lower NRST rate targeting the 18-20% area reflecting the Bush tax cuts, the Fair Tax will be an excellent mechanism to make those tax cuts permanent helping Bush achieve one of his goals in the next four years.