Our first editions might be a collector's item when they make the necessary revisions to the FairTax Book.If they make the necessary revisions, there won't be a FairTax Book. ;-)
You know what the FairTax plan is. Let me tell you what it is not. The FairTax is not a "something for nothing" tax scheme. We aren't promising you extra dollars in your pocket or a new car in your driveway. The promise is simple. Your earnings will remain essentially the same, and you will spend essentially the same amount for your consumer goods and services. You won't pay taxes on your investment earnings, nor will you pay taxes when you give money away as a gift. Your heirs won't pay taxes when you go tango uniform and they inherit the wealth you've worked so hard to acquire. You won't fall victim to the Alternative Minimum Tax or an IRS audit. You will be compensated at the beginning of every month for the FairTax you would be expected to pay during that month on the basic necessities of life, as set by the poverty level for your sized household. As they say, "there ain't no such thing as a free lunch," and that applies to the FairTax, unless you want to consider treating April 15th as just another Spring day as something you get for free.
Sounds like furious backpedaling to me.--RobFromGa