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 To the editor:Illinois is
not Connecticut.
2020 is not 2007.
Yet the Chicago based Illinois Policy Institute
argues in the Lincoln Daily News that passage of the Fair Tax would
drop the price of your house in Logan County.
Not likely.
The real estate market here is red hot, primarily
because of low interest rates. Federal Reserve policies are the
major factor in the setting of interest rates and the Fed could care
less about the Fair Tax.
The one thing that's certain is that if voters
approve the Fair Tax then 97 percent of us will get a break in our
state income taxes. The only people who will pay more are those with
annual incomes above $250,000.
[to top of second column in this letter] |
That sounds pretty good to me.
It's time that the LDN should share this news with its readers.
Gary Davis
Lincoln, IL [Posted
October 8,
2020]
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