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David Boone
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As an advocate for the granddaddy of tax reform, the FairTax, I follow closely the pronouncements on state tax policy among the governor candidates. Most politicians I have talked to on the subject seem to believe the public cannot be sold on anything approaching comprehensive reform which, in final analysis, is the best solution. They seem happy to nibble at the margins, which is what Rhode Island seems to have done here. A FairTax-like reform should be seriously considered for Minnesota. Back of the envelope calculations seem to say that a 1% increase in a replacement consumption tax model would result in a 2 Billion dollar revenue gain. Looking forward to your upcoming fiscal policy/economic growth report...........
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Aug 30, 2010