FairTax, U.S. Investment

Filed in Tax, Savings by on November 13, 2010

It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people’s minds. – Samuel Adams

Last month the CEO of Cisco and the President of Oracle Corporation penned a joint letter in the Wall Street Journal with a solution to our economic fatigue. Their common sense plea was to lower the US tax rate for corporations wishing to bring their overseas earnings to the United States. The current rate of up to 35% strongly discourages re-investment in our nation and is opposite the policy of the rest of the developed world. They imagined a trillion dollars flooding into our nation and millions of Americans hired. They were ignored.

The FairTax would transform our nation in a more powerful way but is similarly being dismissed by Washington. What does this mean for you?

Imagine a 10% raise, your whole paycheck free of federal withholding, the prebate and enjoying every April 15th. Think of no IRS or tax surprises because you pay them as you go. Imagine being able to pay off debt, go to school, donate money, invest or buy used goods without any taxes owed. Think of your children and the next generation being able to reach unimagined potential.

Imagine American businesses unshackled from one of the highest tax rates in the world and thriving in the lowest. Small businesses starting in record number, the Made In America label making a comeback and record employment. Trillions of investment dollars flowing into the US from around the world, the stock market reaching never imagined – and sustainable – heights, while the US becomes the undisputed financial leader in the world for generations to come.

Imagine no more grandstand debates about tax cuts for one group of people or another. Politicians having to justify any changes in the tax code to every American who will see the cost of government placed in their hand on every receipt. Imagine the right, left and center forcing Washington to pass common sense tax reform that will benefit all Americans and the power of citizens who realize they can defeat the self-interests of Congress.

Voters in our Constitutional Republic have again reminded Washington they need to pay attention. Will you help transform our nation with the FairTax?

 

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