The Washington Post, an ever increasing source for rumors transformed into news, is reporting that The White House is looking at the possibilities of creating a carbon tax and a value-added tax as part of tax reform. This as Pres. Trump and congressional Republicans work toward passing tax-reform legislation this year.
If true the news is both concerning and partial welcome. A carbon tax would be antithetical to Trump's pro-business agenda and, therefore, contrary to everything he ran on. This would be viewed as a betrayal of one of his premier campaign promises: to get the government off businesses' backs.
But the consideration of a Value Added Tax (VAT) - a move despised by the likes of Grover Norquist, on whom his Saudi wife has an influence - indicates the forces behind the FAIR Tax are being heard in the White House.
The only caution in implementing the FAIR Tax is this. The whole of the income tax structure for individuals would have to be scrapped, otherwise the implementation of the FAIR Tax would be nothing more than a gigantic tax increase; elected officials would necessarily not be trusted not to raise a decreased income tax in the future.