The Standard Times reported:
The certified public accountant in Rep. Mike Conaway came out Monday night.
Conaway said as an accountant, he thinks the value added tax and the current tax code — which he described as overly complex — are both inefficient taxation models and suggested a fair tax, another kind of consumption tax that would put a single tax on retail products and replace the federal income tax.
Conaway said such a tax would not be a tax cut but a more efficient way to collect taxes at the federal level. “There is a better way to go at it and I’m encouraged that a fair tax is growing in support across the country.”