To: n-tres-ted
The Fair Tax Act (HR25/S25) would repeal federal income taxes, payroll taxes and death taxes, replacing them with a national sales tax on new goods and services for final consumption
You could argue this would be fair because all the illegal immigrants they are going to let in because of CAFTA would then pay at least some taxes on their consumption. Problem is they send 80% of the money they earn out of the country as remittances, so its lose lose for the American citizens again.
To: hedgetrimmer
Problem is they send 80% of the money they earn out of the country as remittances, so its lose lose for the American citizens again. I'm not sure about your # for the percentage sent South, but it is a substantial increase in purchasing power for the recipients. I would prefer that US-made goods be in their markets available for purchase. Chalk up a win-win for both the US and the other economy.
149 posted on
07/19/2005 11:47:26 AM PDT by
n-tres-ted
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