Louis R. Woodhill writes in an online article today that the Fair Tax would offer significant economic growth.  Governor Mike Huckabee supports the Fair Tax developed by leading economists.

Mike Huckabee’s recent surge in the polls has focused attention on the FairTax, which would replace personal income taxes, payroll taxes, capital gains taxes, corporate income taxes, and the death tax with a national retail sales tax.

There are many benefits to the FairTax, but the most important one is economic growth. By replacing taxes that burden capital investment with a tax that falls 100% on consumption, the FairTax would produce dramatically higher levels of investment, productivity, wages, and GDP growth. You would hear a “great sucking sound” as investment was pulled into the U.S. economy, not only from the rest of the world, but via the savings of our own people.