To quote Laura: There is nothing fair about the"Fair Tax Act" which would disproportionately shift the tax burden to the poor and working class and leave them with even less available spendable income. I realize this sounds good to some on the surface, but let's think it through. Suppose a person makes $20,000 annually. Chances are this person will be spending every dime she gets just to get by and keep the wolf away from the door. So the entirety of her earning would be taxed at 23%, or $4600 annually. Now let's say another individual makes $200,000 annually. This guy has plenty, so he doesn't have to spend his entire income. He has plenty to save and invest, etc... while still living quite comfortably. So suppose he only spends two-thirds of his annual income, or $133,333. That's the only portion taxed so his tax burden would be $30,666 in annual taxes, which sounds like a lot but would actually only be slightly more than 15% of his annual income. Hmmm... So tell me again what's fair about the poor paying a higher percentage of their earnings while the wealthy are allowed to retain even more of their wealth? I realize this is somewhat of an over simplification, but this is the general idea and the basic principle behind this so-called "fair tax". More Republican flimflam. It is yet another give away to the wealthy and corporations. Corporations, jeez, don't even get me started on how much those fat cats would end up pocketing... The tax code absolutely does need to be reformed, but not with a plan that increases the ever expanding gulf between the haves and the have nots. Meaningful tax reform should begin by closing loopholes and forcing the wealthy to pay their fair share. This bill would have exactly the opposite effect. Oppose this bill.