Testimony of Karen Walby, Ph.D. Chief Economist Americans For Fair Taxation Before the House Committee on Ways and Means Hearing on Fundamental Tax Reform January 20, 2011.
It’s the first baby step towards real tax reform. There’s still a long long way to go for the grass-roots to gain some momentum. Pulling H.R. 25 out for a fair hearing is still a long way off. The politicos in Washington still seem hell-bent on bending the current tax code some more. Even to the extent of having a V.A.T. on top of the current income tax system, which would be doing a Kevorkian on the U.S. economy.