Fair Tax is a lousy, lousy idea. It punishes those who can least afford it. Blunt is electable and has won state-wide elections before. And he can raise enough money to possibly beat the Democratic-money machine that includes the likes of Al Franken and Soros. Carnahan is a tough cookie to beat and she would beat any lesser candidate than Blunt in a nano-second.
How is the Fair Tax a lousy idea when it eliminates state income tax? States with no state income tax have over twice the economic development activity over states with an income tax, like Missouri. Check out the study at the Show Me Institute.
The Fair Tax only applies to consumption of new goods, not used goods.
The Fair Tax in Missouri will only raise the state sales tax by just over nine-tenths of a cent.
The fair tax is indexed to the federal poverty income level so everyone will receive a prebate equal to that amount.
Once again, tax is paid only when money is spent. There is no penalty for saving, working overtime, or doing well.
No income tax on dividends.
All legitimate business tax deductions still apply for materials and supplies used in business.
How do you see this as punishing low income people?
And you are wrong about Purgason. Missourians are tired of political nepotism and name brand politicians of which Blunt and Carnahan both qualify for.
Who is it that can “least afford” the FairTax, and how will they be punished?
Carnahan is steadily polling 42-48%. In the ONE poll with Purgason, he wasn’t that far behind Carnahan, and that was months ago. If Missouri couldn’t pull a “Brown” with Purgason, then we deserve to be led around by the RINO Blunt.
The poor are not harmed financially by the fair tax with the prebate that refunds taxes on spending up to the poverty level. They actually come out better off than the current plan.
It is user controlled taxation that can be controlled by the taxpayer buying used items. Saving money, investing for the future is no longer penalized.
First, the Fair Tax is not a bad idea...instead of ‘punishing those that can least afford it’ (your words)...it makes every person that votes for every government give back available, more accountable for their vote. The Fair Tax does not punish those that actually provide jobs to the economy to an unfair extent.
But you are right about Blunt...in these days of name recognition (unfortunately), a known candidate is more effective than a no-name...and Blunt is Conservative enough at this point.