Subject: HR25 FairTax Comment: The FairTax bill currently in Congress (House Resolution 25/Senate Resolution 25) proposes completely eliminating the income tax and replacing it with a national sales tax (consumption tax). This non-partisan bill, developed after eight years of study by the country’s leading economists and co-sponsored by 32 legislators, proposes a progressive national sales tax of 23 cents out of every dollar spent on personal consumption in order to raise the amount currently raised through corporate and personal income taxes. With the FairTax, there will be no Federal payroll deductions of any kind – no income tax, no Social Security tax, no Medicare tax and no self-employment tax. FairTax provisions will provide monthly “prebate” reimbursements on essential living expenses and prebate all taxes to those spending under the poverty line. The time has come for government to listen to those who elect them and consider the FairTax as a viable alternative to the current unenforceable, hidden tax, 'ugly monster' system. Please make April 15th just another day. Thank you! |