In past presidential cycles, the idea of fixing the tax code by charging everyone the same rate has caught on like wildfire, only to die out later. This Presidential election season, candidates Herman Cain Rick Perry, and Newt Gingrich are promoting flat tax plans. We’ll look at this concept…why it remains popular…and why it hasn't yet become law.
Chris Edwards - director of tax policy studies at the Cato Institute and editor of the website, downsizinggovernment.org
Linda Beale - associate professor at Wayne State University Law School. She contributes to the economics and finance blog, Angry Bear.