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→Supporters and Opponents
Of the 2008 Democrat presidential candidates, only Mike Gravel supported the plan. [[Rudy Giuliani]], a one time candidate for President on the Republican side, was hesitant and did not support it.<ref> “Giuliani Jeered For Opposing Flat Tax”, Associated Press, July 2007, http://www.forbes.com/feeds/ap/2007/07/07/ap3891710.html</ref>: "I don't think a Fair Tax is realistic change for America. Our economy is dependent upon the way our tax system operates<ref> “Giuliani Jeered For Opposing Flat Tax”, Associated Press, July 2007, http://www.forbes.com/feeds/ap/2007/07/07/ap3891710.html</ref>
Of the 2008 Democrat presidential candidates, only Mike Gravel supported the plan. [[Rudy Giuliani]], a one time candidate for President on the Republican side, was hesitant and did not support it.<ref> “Giuliani Jeered For Opposing Flat Tax”, Associated Press, July 2007, http://www.forbes.com/feeds/ap/2007/07/07/ap3891710.html</ref>: "I don't think a Fair Tax is realistic change for America. Our economy is dependent upon the way our tax system operates<ref> “Giuliani Jeered For Opposing Flat Tax”, Associated Press, July 2007, http://www.forbes.com/feeds/ap/2007/07/07/ap3891710.html</ref>
[[Mitt Romney]] wrote in his 2010 book, ''No Apology: The Case for American Greatness'', "One challenge with the fair tax is that the very rich would see their taxes go down--a lot. If Bill Gates makes about a billion dollars a year on his investments, for example, his current taxes would be at least $200 million. Let’s say he spends $50 million on himself and his family every year--which is a huge sum and I doubt he spends that much, but let’s use it for illustration: Under the fair tax, Bill Gates would pay “only” about $17 million in taxes--his tax bill would thus drop from $200 million to $17 million. The Wall Street Journal found that the enormous amount saved by the wealthiest under the fair tax would be made up by a higher tax burden on the middle class."
Former Republican governor of [[New Mexico]] and current [[Libertarian Party]] candiate for president [[Gary Johnson]] (who also sought the GOP nomination in 2012 before switching parties) is also a supporter of the FairTax. He has said that while there is no such thing as a "good tax", the FairTax is the "best of the worst". He acknowledges that the FairTax is not perfect, but feels it is the best option at the moment.
[[Mitt Romney]] wrote in his 2010 book, ''No Apology: The Case for American Greatness'', "One challenge with the fair tax is that the very rich would see their taxes go down--a lot. If Bill Gates makes about a billion dollars a year on his investments, for example, his current taxes would be at least $200 million. Let’s say he spends $50 million on himself and his family every year--which is a huge sum and I doubt he spends that much, but let’s use it for illustration: Under the fair tax, Bill Gates would pay “only” about $17 million in taxes--his tax bill would thus drop from $200 million to $17 million. The Wall Street Journal found that the enormous amount saved by the wealthiest under the fair tax would be made up by a higher tax burden on the middle class."
==Criticism==
==Criticism==