I don’t know if you’ve heard about the latest Republican “economic proposal” to abolish the IRS but the details are simply stunning. It’s going to get bottled up in committee most likely because even some of the loons are nervous about it. If you want to see the caliber of “policy” coming from these loons, check this out from the American Prospect: During the negotiations for the recent election of Rep. Kevin McCarthy (R-CA) as Speaker of the House, one of the demands of the extremist Freedom Caucus was for a vote on the so-called Fair Tax proposal. This would abolish the IRS along with all existing federal taxes, and replace them with a 30 percent national sales tax. The bill is a political dead letter. Not only could it never possibly pass the Senate, let alone be signed by President Biden—Axios reports that he will deliver a big speech Thursday lambasting the idea—but McCarthy himself recently came out against the plan. It might not even make it out of committee in the House. Nevertheless, it’s still worth digging into the “Fair Tax” plan as an example of the bug-eyed lunacy that passes for policymaking in right-wing circles. People’s Policy Project founder Matt Bruenig has the full details in a video analysis, but in brief, such a sales tax would be an administrative disaster, lead to gigantic tax evasion, and most importantly be monstrously unfair. At first blush, most would wonder how, if the Freedom Caucus would abolish the IRS while also standing…