Is the Fair Tax Fair?

Is the Fair Tax Fair?
The word "taxes" is seen engraved at the headquarters of the Internal Revenue Service (IRS) in Washington, on May 10, 2021. Andrew Kelly/Reuters
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Commentary

Rep. Earl Carter (R-Ga.) introduced a new tax proposal called the “fair tax.” Predictably, Democrats politicized the proposal. Sen. Catherine Masto (D-Nev.), for example, posted a typically uninformed statement on Twitter:

Jeff Carter
Jeff Carter
Author
Jeff was an independent trader and member of the CME board, started Hyde Park Angels and West Loop Ventures in Chicago. He has an undergrad degree from the Gies College of Business at Illinois, and an MBA from Chicago Booth.
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