Fox News has decided that Mike Huckabee should not be the Republican nominee, so Chris Wallace went on the attack against Huckabee’s flat tax plan on Fox News Sunday.
Republicans remain under the illusion that if they just use the right combination of words for a proposal that has been rejected repeatedly, somehow we’ll fall for it.
While singing the praises of lowering the tax rate, in reality, Romney’s proposal will result in a tax increase, unless you’re a member of the billionaire boys club.
One of the things that have not been reported on about Barack Obama’s visit to Buffalo, NY today was his reaction to a question about abolishing the IRS and moving to a flat tax. Obama said, “In order to have a flat tax that was revenue-neutral, that didn’t add to the deficit, it’d have to be a pretty substantial tax, but it would mean a huge tax break for Warren Buffett.”