Thursday, March 11, 2010

The Fair Tax

Posted by phil On December - 8 - 2009

fair tax

I am an ardent supporter of The Fair Tax (H.R.25) and have been fighting for a complete overhaul of our disastrous tax code for years. The Fair Tax proposes the elimination of all federal taxes, including income taxes, payroll taxes for Medicare and Social Security, capital-gains taxes, corporate taxes, self-employment taxes, gift taxes and estate taxes and replaces them with a 23 cents national sales tax.
The advantages are obvious:
Illegal immigrants and the underground economy will now be contributing to paying the nation’s bills.

America would once again be far and away the greatest nation in the world to start a business. Many entrepreneurs around the world would move their businesses back to the U.S. creating millions of new jobs for americans particularly in our declining manufacturing sector.

With The Fair Tax, we would no longer punish wealth creation or the investment or savings critical for Americans to have plenty of good paying jobs, a high standard of living and sufficient income for retirement.

The Fair Tax would take the power out of Washington’s career politicians and lobbyists who use the 60,000 pages of IRS Rules and Regulations for their own power and wealth at the expense of our nation’s citizens.

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