U.S. Congress - H.R.25 Fair Tax Act of 2009
H.R.25 - Fair Tax Act of 2009
To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. view all titles (2)
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- Short: Fair Tax Act of 2009 as introduced.
- Official: To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. as introduced.
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Displaying 1-30 of 308 total comments.
The Tax Code in America has become such a twisted mess that it is more farce than force. Loopholes, tax credits, number of fingers on your right hand, whatever. It’s thousands of pages only succeed in making a simple concept confusing. We need this bill to bring some real common sense to our tax policy in America. Please do what you can to support this bill.
I definitely support this bill, although I doubt it can get enough support in Congress. I wish there was something we could do to help the bill. Any suggestions?
I am going to contact my representatives and also try to contact grassrootscampaigns.com and see if they can help.
Agreed. Sadly, this will probably die an unheralded death. The sponsor, as well as his 51 co-sponsors are all Republican. Though I’ve touted this idea for some time, I doubt that there would be enough bipartisan support to get this passed despite the common sense of the bill.
Well let’s all just throw in the towel, shall we?
Who elects these people? We do. Who do we need to contact about this? Those people we elected. It’s not up to them to let it die. It’s up to us.
Just wait till 2010 my friend. This may not get through this time. But it will raise awareness for it. We can try again in 2010 and get rid of the current system that is an abomination!
vote em out in 2010
I’ve been following this bill for several years since it was first introduced. Unfortunately, outside of Georgia, where the bill’s sponsor is from, it doesn’t get much play. I would absolutely solve the current crisis. It is the most researched piece of legislation ever introduced to congress. It is revenue neutral (would generate the same income to the govt as the current system) based on current taxpayers. None of the estimates include the “pickup” from illegal aliens or international tourists, which would all become part of the “tax base”.
See more info and background at www.fairtax.org.
Dwhee87,
I have followed this bill for years here in Florida where there are several very active groups who meet regularly to promote and educate the people about the Fair Tax. This bill MUST be put to a vote by the people…
And in an economy that’s 70% consumer spending it would grind the entire thing to a halt.
Also as we found out the hard way in AZ sales taxes are highly variable and not a guaranteed income for the government by any means. Betting the entire federal budget on them is a disaster waiting to happen.
There’s a reason so few economists back this legislation.
Could you explain how this would “grind the entire thing to a halt?” People would be statistically spending the same amount in taxes — leaving no relative difference in spending. And frankly, I see nothing wrong with consumer spending grinding to a halt; consumer spending is unsustainable.
Well perhaps it would teach the government to spend within their means like the rest of us do. I don’t know what my month to month income is. I estimated it and spend accordingly and save a little for those months when I do over estimate. It’s not hard to budget.
As an economic student (of 30 years), I agree with this legislation. Secondly, the reason our economy is in this constant boom-bust cycle is because we are stuck in a consumer based economy. Totally unsustainable. H.R.25 would be the best medicine for steering the U.S. economy back to an industrial based economy which is ideal in sustainability. The provisions which remove corporate and payroll taxes alone would save any corporation a substantial amount of capitol. Not to mention, foreign business also finds this legislation very attractive.
Arizona’s problem lays in the fact that the elimination of an income tax alone is not the answer. Corporations and companies of all sizes are the job providers and by not lowering business taxes and liability, helps nobody except a few seniors on fixed incomes.
Apparently Big Sister (Janet Napolitano) is watching this and all other forms of sedition, that includes concern over legislation.
http://images.logicsix.com/DHS_RWE.pdf
this is only a joke so far, but every joke has a bit of truth.
Way to go John, keep putting this up for all to see and when we wipe out the current liberal majority in 2010 put it up again with a veto proof majority and make BO veto it and then stuff it back in his face. This is the tax policy we need to revive the power of our national economy……
Does this bill abolish the current checks and balances of the current system of the IRS?
This would be a hell of a stimulus package. The government would get equal revenue and the US Economy would explode with growth.
I agree, it would be a big stimulus and too generous a percentage (23%) but was got to start somewhere. This is a good start if it gets a start by passing in both houses.
I may be the only progressive Democrat who supports this bill. I’ve read the arguments and I can’t see how at minimum it could possibly be worse than our current tax code. Our current system, which originally purported to be a “progressive” system of taxation, is in reality the most regressive system imaginable. It’s been amended and expanded and tinkered with beyond all recognition, resulting in one giant mess, an almost self-sustaining drain on both the poor and businesses alike. The amounts spent on trying to work on your taxes, pay for legal help with taxes, time spent on planning for taxes, etc., all add up to completely unproductive spending!
As some evidence of what a joke our tax code is, note the recent flaps around two prominent political appointees to Obama’s cabinet. Even the rich and powerful can’t keep track of their taxes, and the rest of the county has a bit of secret sympathy, since most of us can’t figure out our taxes without expensive software or a tax accountant anyway.
Both the right and the left have reason to support a Fair Tax system, to some degree for very different reasons. On the right it’s seen not only as a stimulus for business, but also as a way of getting the government out of an individual’s personal financial business. The left should be supportive because the system would guarantee an exemption for the very poor, in fact the Fair Tax proposes outright checks sent to poor families to guarantee that the tax would not be a burden to them. (Personally I think a card-credit system would make a whole lot more sense, something like a credit card, or food stamp cards that are now beginning to be used instead of the old paper stamps.)
And as someone who has lived long enough to see just too many executives get away with paying no taxes and living quite well, at the same time that those on unemployment, poor seniors, and those with almost no income still have to pay taxes just because they don’t have expensive lawyers or lobbyists, I think it’s time for a change.
Realistically though, with the current chaos and worry over the mess in the banking system and the overall focus on saving the economy, I don’t think legislators will want to risk such a dramatic change in that system while we’re teetering on this economic precipice. But I hope that if and when things calm down that attention will come back to this bill.
I disagree that we should wait until things calm down to bring attention to this bill. In the words of Rahm Emanuel, “Rule one: Never allow a crisis to go to waste”. It is in the crisis that we are passing bills with unknown dollar figures that have no real impact on fostering a recovery and limiting the pain of the correction. Why not, instead, push for a bill that would strengthen citizen’s liberties and lessen the politics that could be played with individual’s money. Instead of sacrificing the future, let us work towards the future.
This would most certainly make millions of Americans happier than they may think. The problem with this bill is stated at the end of your comment. “a bill that would strengthen citizen’s liberties and lessen the politics that could be played with individual’s money”… This is EXACTLY what the current political powers that be want to avoid! They want sheep not citizens.
Let us keep our money and everyone pay what’s fair.
I completely agree with your viewpoint. Anything that raises accountability of Government is a good thing — and eliminating the transparency of taxed income is the surest way to encourage people to hold Government accountable.
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ONLY 45%??? Are you being sarcastic?
What is this ‘cut spending’ phrase you speak of?
Talk about the ultimate stimulus, how about taking home 100% of your gross pay.
There are a lot of logistics that need to be worked out, and certainly this program would need to be phased in as it represents substantial change; however, perhaps this is where we should be spending our effort to support productivity, promote saving, and attract both domestic and foreign business. The current tax code is an unnecessary waste of time and money.
Sure – and you’d lose your employer paid health insurance the next day since it’s no longer ‘pre-tax’ dollars – since those don’t exist anymore.
You can also write off your 401K contribution.
Oh and since the reason the tax system is so complicated is that anything you tax people do less of… what happens when you hit shopping with a massive tax when the economy is 70% consumer spending?
… and people think the recession is bad now…
I’m sorry, but that’s bad economics. Employees would be making dramatically more money from their labor. The goal of the Fair Tax has been very carefully planned out to leave the Relative Cost of Living in the exact same place.
You’re only looking at the increased tax. There would also be an increase in take home pay as there wouldnt be the taxes on it, so people will have more money. This means that it won’t actaully cause some sort of crash in consumer spending.