SHOCKER: House Democrats Not So Enamored of Fair Tax. Well, it doesn’t offer much in the way of opportunities for graft. Which may also explain this: “So far, Reps. Tom Price (Ga.) and Lynn Jenkins (Kan.) are the only GOP members on Ways and Means that have signed on to the House’s Fair Tax measure.” Under the Fair Tax, after all, Ways and Means would be a much less important committee. Plus, according to economist Laurence Kotlikoff, under the Fair Tax the number of federal tax returns processed would be reduced “from some 120 million to roughly 700,000.”
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