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Listen to: U.S. Sen. Bob Corker (R-TN)

The Fair Tax to me is interesting because it really encourages savings and investment and only taxes you on what you consume. The issue that is difficult is how you get from here to there. I mean we have people all across our country that deduct home mortgages, that stimulated obviously people buying and affording homes. So there are a number of components that I think need to be looked at in detail. But in general, in our state, the state of Tennessee, has something similar. I mean we have a sales tax in Tennessee, we don not have an income tax, our citizens like that.

Answered on Mar 6th, 2008 More