Huckabee Promises 6% Growth With Consumption Tax

Republican presidential candidate Mike Huckabee, the former governor of Arkansas, tells Iowa State Fair Soapbox he believes his FairTax plan would get the U.S. growing at six percent “or higher.”

  • “I guarantee you we will goose the economy if we bring $11t in working capital back to this country” that’s parked offshore for tax reasons, Huckabee says
  • Manufacturing jobs will return when U.S. co’s are no longer at “disadvantage” to foreign manufacturers
  • NOTE: FairTax proposal eliminates income tax, capital gains, Internal Revenue service, instead implements national consumption tax
  • NOTE: Former Florida Gov. Jeb Bush has said U.S. can grow at 4%
Related Story: Republicans’ Tax Plans Not So Simple After All

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