Mr. President, Don’t Settle for FAKE Tax Reform

 

Mr. President, there is already a bill in Congress that meets your four principles for tax reform. Have Congress get it out of committee and send it over to your desk.

 

In Springfield, Missouri you first called for a tax code that is simple, fair, and easy to understand. The FAIRtax, HR25, S18, is simple and easy to understand because taxpayers “do their taxes” at the cash register. There is nothing to do on April 15. The FAIRtax is fair because it provides a refund from the Social Security Administration (there is no more IRS) to every US household with lawful residents. This refund reimburses that household for tax the household pays on essentials.

 

Second, you called for a competitive tax code that creates more jobs and higher wages for Americans. The FAIRtax is competitive because it stops taxing the two ingredients needed to grow an economy: labor and capital.

 

Third, you called for tax relief to middle-class families. The FAIRtax helps middle-class families by ending the payroll tax. The FAIRtax also lowers pre-tax consumer prices by removing tax costs from every service and every tangible good.

 

Finally, you called for repatriation of trillions of dollars in wealth that is parked offshore. The FAIRtax brings back over ten trillion dollars in months because it removes tax on business.

 

Mr. President, turn away from FAKE tax reform. Make Congress discharge the FAIRtax from committee; get the bill to the floor and then over to your desk.

 

Jim Bennett

 

(Jim Bennett lives in Summit, NJ, and is a member of the national board of Americans for Fair Taxation, the organization that sponsors the FAIRtax. The FAIRtax a federal tax reform bill currently in Congress.)

 

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An new study of projected income tax evasion and the prospects for evasion under the FairTax  has been posted on the Learn More page of this website.
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The FairTax bill was introduced on the first day of the 115th Congress and referred to the House Ways and Means Committee.  Representative Rob Woodall (R-GA-07) was again the lead sponsor.  There were 34 original co-sponsors.   The bill again was  numbered HR 25.

U.S. House:

https://www.congress.gov/bill/115th-congress/house-bill/25/

A companion FairTax bill was introduced in the U.S. Senate as S 18 and referred to the Senate Finance Committee.  Senator Jerry Moran (R-KS) was again the lead sponsor and there were two original co-sponsors, Senators David Perdue and Johnny Isakson (R-GA):

https://www.congress.gov/bill/115th-congress/senate-bill/18/

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At the top of the Congress.gov website is a list of the 10 most viewed bills each week in the Congress.  By clicking on the above links you can help promote the FairTax directly to Congress:

https://www.congress.gov/resources/display/content/Most-Viewed+Bills

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Recent Letters to the Editor and Opinion articles:

District Director John O’Rourke’s Letter to the Editor:

http://www.app.com/story/opinion/readers/2017/01/28/letter-fairtax-return-power-people/97186136/

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Former Lead Sponsor John Linder wrote an opinion piece at the Daily Caller:

It’s Time To Choose Fundamental Tax Reform

FairTax NJ on Morning Coffee:

 

OPINION: Positive effect of FairTax® on jobs, trade and government spending