J. Bradford Delong is a liberal economist who has a good writeup on it that shows even more downside. I ran across Brad DeLong: The Fair Tax while looking for an article from him about working with Hillary and her health care fiasco back in 1993 and 1994. I haven't found that one yet, but for those of you curious about what an economist thinks of the fair tax check Brad's article out.
- Mike Huckabee wants to abolish the IRS: His loopy tax plan would be an economic disaster -- but it's more honest than the schemes being peddled by the establishment Republican candidates.
He also points out that it's a tax break for people making over $200,000 a year, but a tax hit for people making $30,000 to $200,000.
He has several other points to, so go check out the whole article.