Subject: FairTax Act Comment: First I express my sincere appreciation for the panel's leadership and service to our country! The FairTax Act, a bipartisan bill sponsored by John Linder (R-GA) and Collin Peterson (D-MN) would remove the burden of the income tax and other federal income-based taxes. The current tax system is incomprehensible. It is beyond reform. It simply has to go. The FairTax Act would replace the current tax system with national consumption tax that will: Allow Americans to keep 100% of their paychecks, pensions, and Social Security payments. Dramatically reduce the cost of goods and services by 20% to 30%. Allow families to save more for homeownership, education, and retirement. Raise the same amount of money for the federal government. Make American products more competitive overseas. I urge you to heed the vast majority of Americans who will surely support you if you are seen as responsible for passage of this historical tax reform measure. I would like to know where the panel stands on the FairTax Act. What can I do to help? Who will lead this cause to make this act law, and when? |