Subject: Benefits of the FairTax Comment: Please carefully consider the FairTax for the reasons below: Eight years of study by the country’s leading economists has shown that the FairTax: Raises the same amount of money for the federal government as the current system. Frees up $250 billion each year in compliance costs for individuals and business owners to invest, spend,and save. Reduces production costs of U.S. products by an estimated 22 percent. Makes U.S. goods more competitive at home and overseas. Brings jobs home. Our current income tax exports our jobs, rather than our products, but the FairTax allows U.S. exports to sell overseas for prices 22 percent lower, on average, than they do now with similar profit margins. Lower prices sharply increase demand for U.S. exports, thereby increasing job creation in our country’s manufacturing sectors. Allows you to keep 100 percent of your paycheck, pension, and Social Security check – allowing families to save more for home ownership, education, and retirement. Benefits churches and schools by reducing payroll taxes and taking advantage of lower-cost goods and services. Collects taxes on the over $1 trillion dollars in illegal economic activities of non-filing criminals, drug dealers, and others. Thank you! |