This is nonsense. It will never happen, unfortunately.
"Just keep re-electing us, and see if we remember schemes like this after November. Spin the wheel, place your bets. Ooooops, you lose again!"
"The current federal income tax system is broken. Patching up the existing code is pointless. It's time for a fresh approach, a fair approach. It's time for the FairTax," says the group's website. "From its humble beginnings, the income tax has grown like a cancer by taxing our hard work and discouraging savings and investment."
Libs, eveywhere would still be able to send/give the gov't a donation from THEIR money. Can you think infintesimal results? Thought you could.
Ah, if only...
I would love to see someone point out why that might be a bad idea or not fair?
An idea whose time has come. I think not.
It puts the entire burden of the tax on the poor, and middle class.
The rich will not spend their millions, thus only a small portion will be taxed.
The poor will be taxed on their entire income.
The middle class will be taxed on a good portion of their income.
If you would like to be added to this ping list let me know.
John Linder in the House & Saxby Chambliss Senate, offer a comprehensive bill to kill all income and payroll taxes outright, and provide a IRS free replacement in the form of a retail sales tax:
H.R.25, S.1493
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.Refer for additional information: http://www.fairtax.org & http://www.salestax.org
bump
Could someone explain what the VAT is? I's dum! ;)
Ping
This can't be. I thought Bush was a NWO/Globalist/Bilderberger.
Unfortunately I agree with the first two responders to your post.
Haster may get the House to go along with it but the Senate will never get it out of committee unless the Republicans have a plan to elect enough Senators to pass it.
What are the prospects for a filibuster-proof Senate?
Is it real or is it an election year scheme to win votes?It is interesting that they've had 4 years with control of the White House and Congress and are waiting till 3 months before they are in danger of losing control of both before they start to push this issue. If they were really behind this, shouldn't they have started a couple of years ago?
The tax code became unmanageable when it moved from collecting revenue to instead being used as a tool for social engineering. I think Hastert is onto something and want to know more.
this would be the second nicest thing the Bush administration could do for this country. Selecting a decent Supreme court would be first.
BTTT for the elimination of the IRS and the fraudulent, intrusive, communist system (code) for taxing Americans...