Fair Tax Debate - Neal Boortz and Michael Graetz PART 1 of 2

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Fair Tax Debate - Neal Boortz and Michael Graetz PART 2 of 2

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Radio talk show host Neal Boortz, co-author of "The Fair Tax Book," debates Michael Graetz, professor of law at Yale University Law School and author of "The Decline (and Fall?) of the Income Tax," on the value of replacing the current federal tax system with the Fair Tax system. The Fair Tax is a proposal for all federal taxes to be replaced by a national consumption tax. The authors argue over the revenue generating potential of the Fair Tax and the exact rate at which citizens would have to be taxed to meet current government spending levels. The debate is moderated by Harvey Shapiro, contributing editor at Institutional Investor magazine.

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