125416 http://uservoice.com/users/125416-bob60174 http://www.gravatar.com/avatar/7542c22797953a5ef07401db6e25f6be bob60174 bob60174 bob60174 0 0 66120 http://ideas.rebuildtheparty.com/forums/5641-general/suggestions/66120-embrace-the-fairtax-as-sponsored-by-rep-john-linde This is the most researched piece of legislation ever offered. Implimentation of this plan would create such a boom to our economy we would be wor... This is the most researched piece of legislation ever offered. Implimentation of this plan would create such a boom to our economy we would be worried about how to slow it down rather then how to stimulate it. Two books "The FairTax Book" and "FairTax: The Truth (Answering the Critics)" have been written on the subject and contain a wealth of information. While this topic is easy to demagogue, if we stick to the facts the case is easily made in favor of this fantastic method of tax reform. 2469 85 5641 General general 118245 Vic Lovell Vic Lovell Vic Lovell 2008-11-08T14:12:17Z 2008-11-08T14:12:17Z general 66469 http://ideas.rebuildtheparty.com/forums/5641-general/suggestions/66469-enact-the-fair-tax-hr-25 The Fair Tax plan was created by and is supported by American citizens, not by the lobbyists who run Congress. So, inherently, it garners trust bec... The Fair Tax plan was created by and is supported by American citizens, not by the lobbyists who run Congress. So, inherently, it garners trust because it was created outside Washington DC. It repeals the income tax, corporate tax, payroll taxes (FICA and MEDI), gift tax, and estate tax and replaces the current revenue stream with a national retail sales tax. It lessens or solves so many problems that Congress has created by currying favor with special interests over so many years, including many of the problems that have led to the current economic crisis. For example, eliminating the corporate tax and income tax will flood this country with investment from overseas. And with investment, jobs that we have been off-shoring for years will come back. Everyone wins except the lobbyists. By taxing consumption and rebating life's necessities, it's effective rate (tax paid minus rebate) starts at zero and approaches the maximum rate the more you spend. So, the wealthy, who spend more, pay more. It encourages savings and investment because investment gains not taxed. (What an idea!) There are no loopholes. Federal taxes are no longer withheld from wage earners and Joe-The-Taxpayer doesn't have to file anything with the Federal Government. In fact, only businesses that sell at retail have to file and its a simple percentage of their sales AND the business is compensated with a small percentage of the tax remitted to offset its own compliance costs. By eliminating the ability of Congress to manipulate the Byzantine Internal Revenue Code, the power of lobbyists over the Federal government is greatly diminished. And Congress won't be spending time on its interminable tweaking of the I.R.C. If the GOP can't get behind an idea that benefits every single American then it deserves to disappear as a political party. 6299 560 5641 General general 118988 fairtaxspeaker fairtaxspeaker fairtaxspeaker 2008-11-08T23:16:44Z 2009-03-26T19:19:21Z general 2008-11-12T04:07:44Z 2008-12-09T21:28:37Z 72