Moreover, though I am a conservative, I don't trust Washington one bit with this. My fear is seeing this AND a small remaining income tax that can balloon at DC's money-lust will. Here in TN, we pay almost 10% sales tax (no state income tax); this would make our tax burden 1/3 of the cost of a purchase, and more once the politicians manipulate it. It sounds good in theory, but I don't think it is practical to think that the theory will translate into good legislation.
I wonder if anyone has thought about the "Black Market" of consumer goods that may evade taxation. For example, farmers selling foodstuffs at a fleamarket or a skilled craftsman such as a chainsaw artist selling their products without some sort of governmental safety net in place to collect its taxes. It sounds ok in theory (and i suppose you need a way to tax the illegals) but i'm not all about letting the fed's tax me being that it is unconstitutional to begin with.