FAIR TAX AND THE 111TH CONGRESS

By Neal Boortz @ January 8, 2009 8:39 AM Permalink | Comments (15) | TrackBacks (0)

The FairTax has been introduced into the 111th Congress as H.R. 25. While that's good news in and of itself, here's some better news. The FairTax is being introduced with more co-sponsors than at any previous Congress. Now why do you think this is? It's because of you .. those of you who are undying in your support of this badly needed tax reform proposal.
Now ... since PEBO is making a big time speech today on the economy, here's a little reminder about the FairTax. PEBO is considering a one trillion dollar stimulus bill. Well, what about a $13 trillion dollar stimulus? Do you think that would work? Well $13 trillion is the best estimate of the amount of money that is floating around in overseas investments, and this is money that belongs to American citizens and corporations. Why is this money working overseas instead of here in this country? Simple: To escape our high tax burdens. Get rid of the income tax and replace it with the FairTax and watch this $13 trillion start to come home and work in our economy .. work producing jobs and expanding domestic wealth. The problem, of course, is the FairTax takes power away from politicians. Politicians will approve almost any scheme for economic recovery - any scheme except one that diminishes their power.

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