If he doesn’t first start with the Fair Tax reform with repeal of the income tax, then he won’t have the money or strong economy to accomplish anything! I hear he is cool to the Fair Tax plan. For that, he won’t get my vote.
Also while I don’t know that the Fair tax will end up being the best approach as it has some issues for business and upper income folks which may impede its progress, I do know several Fair Tax people have be happy with some of Fred’s statements.
I will say things will be interesting. We are going to see tax reform in some way, it maybe a mix of several approaches, and I feel pretty comfortable that Thompson is open to doing something to get that monkey off our backs...