Friday, September 3, 2010

How FairTax might save America, Part 2

By Lisa Farrar Wellman
paycheck

I know you’ve seen FairTaxers at your tea parties. This is one of the fastest growing political movements in the nation. It taxes only goods you purchase and a prebate covers your taxes on necessities. It is bi-partisan with more and more democrats signing on all the time. This amazing solution was introduced into Congress eight years ago and it’s sitting there, waiting for their attention as H.R. 25.

The FairTax eliminates the need for the IRS. Can you imagine a world without the IRS and its 70,000 page tax code? We don’t need the IRS to fund the country. The FairTax is revenue neutral. It will cover our expenses and eliminate the nasty side effects income tax produces. According to Earl Long, President of FairTax KC, “The fundamental flaw in an income tax system is that it punishes financial success, drives investment capital out of the country and invites evasion and corruption.”

FairTax will encourage companies to invest here, in the United States of America. We will fund our financial system without the government’s help and $2 trillion will return to our shores. The FairTax is also very simple—simple to understand, to obey and to implement. The less complicated a tax system is, the easier it is to maintain and the harder it is to cheat. Maybe it sounds too good to be true or maybe doubters will tell you that financial gurus don’t think it will work.

Earl continues:
The FairTax will work because it has been tested and has a scientific and sound academic basis. There are seven states that do not have an income tax; the most prominent is Texas. The jobs growth rate in Texas is higher than the other 49 states combined and its government leaders give much of the credit to the fact that they have no Income tax. In addition the founders of Americans For Fair Taxation invested over $22 Million of their own money and hired the best economist in the United States to find a tax system that would work. They came up with the FairTax which is now endorsed by 50 of the country’s best economists.

Right now the country’s leaders throw our children’s money at an economy that simply won’t be stimulated by more debt. They do not see the solution sitting right before their eyes. Help them see it. Remind them about H.R. 25, the bill that sits before the House right this second. It has 51 co-sponsors (from both sides of the aisle) who see its potential. Help them spread the word. For kicks and giggles (and to further your FairTax arsenal) take a minute to fill out the FairTax Calculator and watch the dollar signs dance before your eyes.

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