The Hypocrisy of Attacking Wealthy Borrowers

An article in the Wall Street Journal points out that many wealthy people are financing big purchases by borrowing against the value of their capital investments rather than selling them. This has prompted the bureaucrats to propose even more complicated changes to the tax code to deal with this "grave injustice". Just don't expect the DC crowd to play by the same rules they impose on everyone else. In this week's Chairman's Report, Steve Hayes explains once again why the FAIRtax is the best solution.