No Apology, by Gov. Mitt Romney (R, MA): on Tax Reform

Mitt Romney: Eliminate taxes on dividends & interest but not via FairTax

Some people advocate the "FairTax" as a means of boosting savings, a system that would entirely replace income taxes with a consumption tax--a kind of sales tax. FairTax proponents estimate that a tax rate of 23% would be sufficient, but detractors claim that it would be closer to 40%. The enormous amount saved by the wealthiest under the FairTax would be made up by a higher tax burden on the middle class. This is not an outcome that will or should gain traction with the American public.