Monday, July 31, 2006

Hastert responds to FairTax

I sent a letter to Speaker of the House Hastert a few weeks ago asking for his support of the FairTax, and now I read this... I guess sometimes these politicians really do listen. If the FairTax ever becomes law, it will be significant to conservation organizations for all the reasons I stated before (no inheritance tax). In addition, consider this: How many people hesitate donating land because they are afraid of the IRS!! I daresay there are plenty. Now that there will no longer be an IRS, nor withholding taxes, nor any other kind of taxes, other than a national sales tax, there will be no need to have deductions. People will be coming out of the woodwork to donate land! Reason to cheer.
"In a surprise announcement by Rep. John Linder, we learned at the FairTax Orlando rally Saturday that the Speaker of the House, Dennis Hastert, arranged a meeting between Rep. Linder, author of the FairTax legislation, and the President George W. Bush to discuss the merits of the FairTax! Thank you Mr. Speaker!

"President Bush had already heard from tens of thousands of FairTax supporters in our last call to action after the Altlanta, Ga. rally and tens of thousands have recently communicated their support of the FairTax to Mr. Hastert. The voice of the people is being heard.

"Speaker Hastert, who has been vocally supportive of the FairTax in the past, has now made possible a pivotally important meeting with our President to discuss the single most important public policy change in recent American history!

"Our campaign is moving. Thank you for making the FairTax one step closer to reality."
Liberal Idealist Gives Fair Tax Big Thumbs Up

With the FairTax, the government sends you a check, not the other way around, and no withholding taxes, only a 23% national sales tax.
"Human subtelty will never devise an invention more beautiful, more simple or more direct than does Nature, because in her inventions, nothing is lacking and nothing is superfluous." -- Leonardo da Vinci
There is only one thing more simple or direct than the FairTax, and that is Nature.


At 1:15 PM, Blogger Anthony Belfiore said...

What are the arguments against the FairTax?

At 12:50 PM, Blogger Mr. Punky Kitten said...

37. Can Congress just simply raise the rate once the FairTax is passed into law? Yes, of course Congress can raise the FairTax rate just as it could raise the flat tax rate or can and does raise the income tax rate. And if we in the grass roots allow them to do it, shame on us!

However, the FairTax is highly visible. And because there is only one tax rate, it will be very hard for Congress to adopt the typical divide-and-conquer, hide-and-disguise strategy employed today to ratchet up the burden gradually, by manipulating the income tax code. Ultimately, the tax rate will be dictated by the size of government. If government gets larger, higher tax rates will be required. If government shrinks relative to the economy, then the tax rate will fall. Federalist 21, by Alexander Hamilton, is a great read on the futility of government raising a consumption tax too high, and thus reducing revenues.

38. Could we end up with both the FairTax and an income tax? No current supporter of the FairTax would support the FairTax unless the entire income tax is repealed. Moreover, concurrent with the repeal of the income tax, a constitutional amendment repealing the 16th Amendment and prohibiting an income tax will be pushed through Congress for ratification by the states (filed as HJR 16 in the 109th Congress).
Also check out #40 and #42. After you study this plan, be sure to come up with your own questions and/or arguments against the FairTax, the authors welcome comment and criticism, that will help make the proposal better!


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