Coherent Response to FairTax Critics

Posted on May 11, 2007 | Filed Under Editorial, Politics

Neal Boortz, co-author of The FairTax Book, has posted an excellent scenario for you to ponder if you are a critic of the FairTax Plan (H.R. 25 and S. 1025).

If you are unfamiliar the idea of the FairTax plan, it takes ALL taxes in this country (corporate, income, capital gains, social security, medicare, etc.), which are essentially taxes on income, and replaces them with a tax on consumption (a federal sales tax, if you will). If you haven’t read the book, I highly suggest you do. If you read the book with an open mind, I think you will agree that the FairTax plan is the best tax reform plan to come along in a great while. (Incidentally, H.R. 25 now has 60 co-sponsors in the House, far surpassing any other meaningful tax reform legislation.)

Generally, when one reads the complaints or arguments of the critics, it is apparent that they either have not actually read the plan, or that for reasons of an agenda, hidden or otherwise, they leave out key elements in order to substantiate their point. To this end, Boortz and Congressman Linder are releasing a followup to their best selling book to be titled The FairTax: Answering the Critics.

Is the FairTax perfect? Of course not. No plan to forcibly separate the people from the money they earn is perfect. But it is certainly a lot better than the current mess of a tax code we are working with now. If you are one of those people that believes we are losing ground in the global economy with the falling value of the U.S. dollar, companies and jobs moving to more tax advantaged countries, and a general loss of American ingenuity and productivity, don’t you think we should actively support a tax plan the improves that situation? We currently lose untold billions of dollars in tax code compliance - both at the individual and corporate level. When a company has to spend a billion dollars just on managing its tax code compliance, that money has to be taken from the bottom line. And when corporate profits suffer, so do wages, job growth, and fair pricing.

Boortz’s scenario posted on his site examines the FairTax from a new and unique position. He tells the story from the standpoint that the FairTax is the current plan and is all you know. Then some “brilliant” politician proposes our current system to replace it. I think after reading this, you will find the FairTax to be the better alternative.

But the only way to make this work is to get behind the grassroots movement in support of the FairTax! Visit fairtax.org to learn how you can support the FairTax!

If you want to learn more, check out the following:

What can you do?


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