To The Editor:
FairTaxHR25, a well-researched consumption-based tax code, grows America’s economy, and as important, restores liberty by ending the IRS. For 10 years Dave Camp and House Ways and Means Committee have known about FairTaxHR25. Testimony before HWM provides irrefutable research demonstrating FairTaxHR25’s superiority over the income tax and flat tax (testimony at www.fairtax.org). Within first year of passage, real GDP grows 8 percent, job growth 12 percent, investment 75 percent, and wages 10 percent.
With 73 cosponsors and sound research why aren’t Camp and HWM members vigorously promoting FairTaxHR25?
Power, money and influence. No one wants to kill the IRS golden goose.
While the income tax exists, the powerful will use IRS to stay in power. (See “The Political Economy of the IRS,” and Schweizer’s Extortion to understand IRS power.) Neither the IRS nor the income tax can be “fixed” since an oversight board appointed by the president would be foxes protecting chickens.
As long as Congress can tax income, it will do so with increasing vengeance knowing most Americans have neither the knowledge of their personal tax burden nor adequate information about FairTaxHR25. FairTaxHR25 allows you to see exactly how much taxes you pay. Call Camp 202-225-3561. Demand support for FairTaxHR25.