My take is that there's no economics nor math here at all. This is pure politics to get people to go for Huck, in spite of the fact that Huck's making no promises about cutting either spending or taxes.
Worse yet is how the Huck tax will end the small businesses that have given us the economic growth we've had. You'll be forced to work for a big company because the minute you try and quit and contract out your work you get slapped with the Huck-tax on your work-hours.
Say good-by to economic independence and say hello to one or two monster corporations..
You can slap a tax on producers/manufacturers/corporations all you want, but they just pass it on to the consumer in the price of their product anyway.
My take is that there's no economics nor math here at all. This is pure politics to get people to go for Huck, in spite of the fact that Huck's making no promises about cutting either spending or taxes.
The FairTax movement has been around long before Huckabee entered the Presidential Race. Huckabee could be using the plan to attract people. Single issue (FairTax) voters may be trying to push support to Huckabee because he has latched onto the tax idea they like.
FWIW, I like that he is bringing more attention to the FairTax, but I do not support him. He is far too liberal on too many other issues.
In fact, it will be a boon to small businesses and economic expansion in general. You can read about this in any of the several economic studies done that point up these benefits.
You’ve got it just backwards.