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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

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Fighting for the fair tax

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email

Q: What's up with the "Fair Tax" proposal?

A: The proposal to replace the current tax system with a flat national sales tax seems to be dead at the end of 2005. Treasury Secretary John Snow will make tax reform recommendations to President Bush based on the results of an extensive advisory panel study that has been going on for months. The advisory panel did not embrace the flat tax proposal, and neither the Secretary nor the President are likely to mention it. This is unfortunate since the flat tax proposal has such strong support among almost every other source who weighed on the topic. In fact, it is fair to say that the Fair Tax has more public support than any other legislative proposal that has been introduced in our lifetime. But because of the radical implication it has to our society, our financial structure and the funding of our government, policymakers are understandably scared. A late grass roots effort this month to revive interest is too little, too late.


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