FairTax Update -

Nealz Nuze Archives ^ | September 20, 2005 | Neal Boortz

[pigdog]

FAIRTAX UPDATE

There is no doubt that the story of H.R. 25, the FairTax, has been pushed into the background by the Katrina disaster, and perhaps that is as it should be. When hundreds of thousands of people are suffering as they are in the aftermath of Katrina, that is the story. The FairTax is, however, still on the minds of the political class in Washington DC.

Congressman Linder tells me that the Republican leadership is more than impressed with the success of The FairTax Book. They have been receiving a steady stream of phone calls, emails, faxes ... and books from constituents demanding action on the FairTax bill. These officials have indicated that they had no idea that there was such a hunger for comprehensive tax reform in this country, and that they have never seen an outpouring of support for any tax reform plan such as the one they've experienced for the FairTax. Right now the expectation is that the FairTax could go before the House for a vote next Spring. If it passes, it's off to the Senate. If it fails, the leadership wants to make it the campaign issue for the 2006 mid-term elections. ...

Passage of the FairTax would constitute the greatest transfer of power from government to the people since the Revolutionary War.

That's why so many politicians are going to have to be drug kicking and screaming to the table. Elected officials don't like to surrender power. The only thing they want to give up less than their power, is their office. If these politicians know that you want the FairTax to get a fair hearing and a vote, than a fair hearing and a vote it shall be.

[pigdog]

No ... it's what they do presently with the income tax - tax themselves.

[Logical me]

Hard to get a simple answer. Here is my problem.

Suppose I wish to have my driveway replaced. I hire a contractor to remove the old driveway, form, and pour a new cement driveway.

Now say the contractor charges me 17,000 for the job. Am I charged tax on the forms, cement, and other products only. Do I pay tax on the labor? Yes or No.