Fair Tax plan offers economic boost

Tuesday, February 8, 2005

It is time for fundamental tax reform. The current IRS system is hopelessly complex and invasive. The tax code favors politically connected special interests and the government's social engineering efforts. The current system is too broken to fix, so let us start over.

The Fair Tax plan, currently under consideration in Congress (HR 25), would give the country an incredible economic boost. This plan would abolish the current income tax and replace it with a national sales tax. The consumer pays all taxes right now anyway. A corporation's tax bill is passed onto the consumer in the price of its goods and services. The Fair Tax is a more efficient collector of these taxes.

The Fair Tax plan taxes individuals only on new goods and services. Therefore, you decide how much you want to pay in taxes. If you want a lower tax burden, buy used goods. Savings and investments would not be taxed, which would encourage wealth creation. The plan also has protections in place to make sure no American is taxed on basic life necessities.

For more information, please visit http://www.fair tax.org. If you want a new, simplified tax system that promotes individual liberty and wealth creation, contact your senators and representatives to let them know you support the HR 25 Fair Tax plan.

Lynn Crisci

Augusta

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