Subject: tax replacement
Comment: Monday, June 06, 2005
Dear Mr. Cavuto:
Would you please tell the president that America has the political will to replace our current tax system with the FairTax? The FairTax is a National Retail Sales Tax with a rebate that ensures the poor pay zero taxes. It is a progressive tax in that as you buy more you pay more taxes. There are no exemptions, exceptions, and no loopholes.
Ask him to support and push forward The FairTax Act of 2005. It is H. R. 25 in the House and S. 25 in the Senate. The FairTax is revenue neutral and will fix the problems with Social Security and Medicare.
I am the sole proprietor of a small business who has been promised tax reform for decades. Revision does not help, we need replacement. The FairTax replaces the income, payroll, corporate, gift, estate, capital gains, AMT and self-employment taxes with a national retail sales tax. One tax at the point of purchase by the final consumer is what we need. It is clear, concise, and simple. Research shows that we are already paying the same amount as the FairTax in hidden corporate and payroll taxes. That means that the prices of domestically made products will not increase.
Best regards, Al Ose
3311 Enchanted Drive
Wisconsin Rapids, WI 54494