It will also have a provision to increase the amount. The politicians spend more every year and they always get it from the same place.
All this talk from them about fair tax or reforming tax laws is about one thing, getting more of our money to fill their insatiable appetites.
The government spending and obtaining more money is actually the spending side of the coin. That's not what the FairTax is about at all. It is revenue neutral meaning it raises the same amount initially as at preseent.
The spending is another concern and should also be addressed but the FairTax is a bill to change the tax laws of the country. Most of us are in favor of less spending by government (much less, for the most part). Since most people have no idea of their tax burden now the FairTax will show them that very clearly which should certainly stir up many to DEMAND lowered spending.