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Does the "Fair Tax Book" consider affordable housing federal tax credits?

Since 1986, the Federal government has offered federal tax credits to those investors who will finance units for affordable housing. The investors can see a 6-7% retunr on their money. The end result is that people with little or no income can live in a place less than 15 years old for below market rate. I don't care if you think the government should be doing this or not, I just want to know if this is considered in the Fair Tax Book.

Public Comments

1. Why would you need a credit on something you do not pay? NO TAXES will be paid on the rent, so what would you apply a tax credit to? You can get 100% of your profit, not just a percentage.
2. No. But read the book and find out - you can probably get it at your local library.
3. The "fair" tax isn't very fair. Federal income tax accomplishes several goals, not just collect taxes. It tries to be progressive (rich pay more than poor) and encourage certain programs, such as "affordable housing," by using tax credits. (also home ownership, family, business credits for hard-to-employ people, fuel efficient vehicles, energy saving home additions, etc.) The fair tax, by its nature, cannot do this. The promoters don't even give fair estimates of what it would cost (that would be a turn-off).
4. Mr Boortz ignores many issues with the grossly mis-named "Fair Tax." That's another than I can add to my list. In short, the so-called Fair Tax would be a GREAT deal if you were the typical wealthy individual who only spends a tiny fraction of his wealth each year. If you were working poor or middle class, it would strangle you rather quickly. A single mother supporting two kids on a crap $8.50 an hour job would see her cash flow plummet by nearly $8,000 per year AFTER taking that silly "pre-bate" into consideration. She and her kids would on the streets in no time. Few taxpayers have a spare $6,000 in cash lying around to pay the "Fair Tax" on a new $20,000 vehicle. If you think the auto industry is in the shitter right now, think what THAT would do to it! Or how about $60,000 in TAX for a new $200,000 home? I certainly don't have that kind of scratch lying around. No lender is going to lend the tax as it does not increase the value of the home so you'll need to bring it to closing IN CASH to buy a new home. That would collapse the housing industry in a good economy -- imagine what it would be like now??