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Monday, October 13, 2008

Iowa Indepdent: King: National sales tax answer to nation's money woes

Excerpted from this post at Iowa Indepdent

Speaking Friday in Carroll, U.S. Rep. Steve King, R-Iowa, said he
might propose implementing a national sales tax in place of the
current income-based system should America's economic woes stretch
into next year, according to the Carroll Daily Times Herald's Butch
Heman. King also said that Congress might need to hold a special
session if the economy's downward spiral continues at its current pace
through the next few months. "If you're seeing red numbers on the Dow
and it's spiraling downward, something's got to happen to arrest it,"
King said.

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