The Right and Wrong of the Fair Tax

For years, The Fair Tax and withholding taxes plan has been a part of the legislative process, but has failed to garner enough support for it to pass. Many people believe that this would be an effective way to encourage savings and investments in millions of households. Hopefully, this would be a means of stimulating economic growth, something that would be of great benefit right about now. However, those who oppose this type of plan believe that we would actually see a decline in the economy and a rise in unemployment. Each side has information to support their belief, which means that this debate is far from over.