Of course the rate is not the thing set in stone with the FairTax bill, the revenue is. The rate will be set to generate the proper amount of revenue, and this will include the massive prebate entitlement, and the phony FairTaxes being paid by the govt to itself and counted as revenue but not an expense. And if the required amount of taxable consumption doesn't appear, the rate will be raised causing further erosion of the base.
And in the end, we'll have our emergency income tax on the rich on top of the consumption tax. No thanks.
"... massive prebate entitlement ..."
Well, it IS a prebate but nothing else in that description fits. Its not "massive" (in fact far less than the Tax Panel mistakenly claimed) and the amount is encompassed by the 23% revenue neutral rate.
It is also not an "entitlement" but a rebate (and so stated in the bill) and as most people know a rebate is "... a return of a part of a payment ...".
There will also be no "emergency income tax" since voters once they've experienced the freedom of living under the FairTax and the economic benefits of that will certainly not allow their elected representatives to restart (from scratch - having just gotten rid of one) another income tax system.
That's just FUD speak ... fear, uncertainty, and doubt.