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Mike Huckabee opposes rolling back Bush's tax cuts. Something he feels more passionately about, however, is reforming the tax code. Here's a look at his plan.
Huckabee supports the FairTax
Huckabee says he would abolish all federal income and payroll taxes -- including personal, corporate, Social Security, Medicare, self-employment, gift, estate, capital gains and the alternative minimum tax -- and replace them with a flat national sales tax, called the FairTax. He argues that the FairTax will tax Americans on what they buy and not what they earn. Here's how he says it will work:
- Everyone would receive a monthly rebate for taxes up to the poverty line for each individual, to provide tax relief on the purchase of necessities.
- The FairTax would only apply to new goods, not used items.
- The FairTax would eliminate the need for the Internal Revenue Service.
No record of votes on taxes is available.
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"Our current progressive tax system penalizes us for working harder and becoming more successful. As we climb the ladder, the government lurks on each rung, hungry for a bigger bite out of our earnings. The FairTax is also progressive, but it doesn't punish the American dream of success, or the old-fashioned virtues of hard work and thrift, it rewards and encourages them. The FairTax isn't intended to raise any more or less money for the federal government to spend -- it is revenue neutral." 
