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COURTESY OF CONSERVATIVE ALERTS.COM

Congressman John Linder (R-GA) has once again introduced the "FairTax" bill (H.R. 25). The FairTax is one of the most exciting proposals to ever reach the American people. It offers long-needed tax relief -- in the form of lower prices, nearly nonexistent compliance costs, and the ability to choose how much to spend in taxes -- to all Americans, while eliminating the income tax and allowing Americans to keep 100 percent of their paycheck.

The FairTax will dramatically reduce prices, protect and ensure funding of Social Security and Medicare, empower the low-income earners, and put choice and control back into the hands of every American. All the crucial elements are in place: a public that is eager and ready for a fairer tax system, and a Congress willing to seriously consider genuine tax reform. To be competitive in the next century and to renew the American dream, we must change the way we fund our national government.

The FairTax Act:

Repeals all corporate and individual income taxes, payroll taxes, self-employment taxes, capital gains taxes, estate taxes and gift taxes.

Imposes a revenue-neutral national sales tax on all new goods and services at the point of final purchase for consumption. Business-to-business transactions and used products (which have already been taxed) are not subject to the sales tax.

Rebates the sales tax on all spending up to the poverty level.

Results of the FairTax:

Dramatically reduce the costs of goods and services by 20 to 30 percent.

Allows you to keep 100 percent of your paycheck, pension, and Social Security payments.

Gross Domestic Product will increase by almost 10.5 percent in the first year after enactment.

Compliance costs would decrease by 90 percent.

Real investment would initially increase by 76 percent relative to the investment that would be made under present law. While this increase would gradually decline, it remains 15 percent higher than under the existing tax structure.

Exports would increase by 26 percent initially and would remain more than 13 percent above the level under the current tax system.

Real wages will increase.

Increases incentives to work by as much as 20 percent in many households, leading to higher economic growth and efficiency.

Interest rates will fall 25 to 35 percent.

Isn't it time for REAL change in our federal tax system? We need to support this bill TODAY!

ACTION ITEM: Rep. Linder has announced that he has added more than 20 co-sponsors -- including House Majority Leader Tom DeLay (R-TX) -- to the FairTax bill. "The momentum behind the FairTax continues to build, and Majority Leader DeLay's co-sponsorship is just the latest signal that support for the FairTax is growing," said Linder. "The bill now has 21 co-sponsors -- more than any other fundamental tax reform legislation in the House -- and they represent a bipartisan coalition of members from across the nation. Not only do my colleagues recognize the harm done to the American people by the overly intrusive and burdensome income tax code, their constituents recognize it every April 15th," continued Linder.

This bill needs DOZENS more co-sponsors, and needs to be moved OUT of the Ways and Means Committee, to be voted on by the whole House of Representatives. Click "Go!" above to send your Congressman a personal message, asking him or her to support the FairTax bill to abolish all federal income taxes, death taxes, capital gains taxes, and payroll taxes, and replace them with a national retail sales tax.

NOTE: Please be sure to click below to send this Alert to everyone you know who believes that it's time to REPLACE the income tax with a FAIR TAX. Thank you!

Thanks manic. The bill has 25 cosponsors now. It may take another 15 years, but this will happen in spite of those who will do anything to stop it.

Why would I want to increase my taxes by a hugh amount, which is what this bill would do. You people really need to get away from the idealized cases and start thinking about real world cases. Stop, think and go through the math to see what this would do to people with large families (large amount of deductions and lots of spending) and you will see unfriendly to families these proposals are.