Posted on 01/06/2005 1:50:57 PM PST by Remember_Salamis
From the FairTax E-mail:
Good news for FairTax supporters . . .
As reported in a recent AJC article in Georgia, Congressman David Drier has apparently been allowed to stay on past his term as Rules Chairman. You might ask how does this relate to the FairTax and replacing the income tax? The article indicates that Congressman Linder is in line for the position; however Speaker Hastert apparently has bolder and bigger ideas for our champion this session.
From the article:
"Hastert spokesman John Feehery said the speaker's choice reflected his satisfaction with the job Dreier has done and not dissatisfaction with Linder. He said Hastert wants Linder to focus on his years-long effort to replace the federal income tax with a national sales tax."
"Linder on Tuesday reintroduced legislation to create the national sales tax. President Bush has announced he will make tax reform one of his major second-term goals."
To read the full article visit:
http://www.ajc.com/news/content/news/stories/0105/05linder.html
For more exciting news on the FairTax visit:
http://www.fairtaxvolunteer.org/news/index.html.
Volunteers and funds are needed in your area to work on FairTax projects. If you are interested in assisting us in a funding capacity or receiving one of our fabulous membership packages please visit:
http://secure.fairtaxvolunteer.org/contribute/index.html
or if you would like to volunteer please email jonathan@fairtax.org. Your donation of skills, energy and intellect is greatly appreciated at this critical time in the life of the FairTax.
Please bump accordingly....
President Bush appointed former Sen. Connie Mack to head his tax reform commission. Mack is a supply sider and a flat tax proponent.
Either the retail tax or flat tax would be better than the current system.
The NRST is an inherently regressive form of taxation that is truly despotic.
Long term, it would result in a two-tiered socio-economic stratification of our society.
It is not disimilar to a 21st Century eco-feudal system where the corporate aristocracy invest and expand their property holdings completely tax-free, while the serfs are overburdened with the excessive taxation on consumption and persuaded that it's supposedly "fair" because the consumption taxes are redistributed through the formal social welfare system.
I'm not so keen on the idea of a national sales tax, but I am a heavy supporter of any sort of simplified flat tax system. Like Steve Forbes said, one should be able to pay their taxes using an index card and nothing more.
The NRST, like the flat tax, is proportional. They are neither regressive nor progressive. They take a flat percentage of production/consumption.
Even though the NRST and flat tax are extremely similar, the flat tax is superior because it does not have as many negative transitional disadvantages.
You've posted this comment about 1,000 times. You must have spend a very long time on it to come up with such compound terminology as "eco-feudal" and "corporate aristocracy". Your mother must be very proud. No Pat No!
"The NRST is an inherently regressive form of taxation"
Absolutely.
Willie Green is FR's resident economic doom & gloomer.
I suppose the term "plutocracy" would also be applicable.
Bush's "Ownership Society" Already Doomed by his Trade Policies
Thanks
And congress just today proved how simple it can be to modify tax law. They passed a law making it legal to apply contributions to the tsunami relief made this month applicable to tax year '04.
"The NRST is an inherently regressive form of taxation"
Absolutely.
Even a stopped clock is sometime correct, in this case though the clock has lost its hands all together:
To illustrate the tax burden that a family of four will have at various annual expenditure levels of the NRST as compared to that same family under the current tax law, (NRST Expenditure = income; 2004 individual income tax on wages plus FICA/MC taxes, standard deduction, personal exemptions,child credits, and EITC):
To: rwrcpa1
Linder is the perfect choice to lead the fight for the FairTax! He's the one who has tirelessly brought it up, year after year.
I'm sorry he had his hopes on a leadership position, but hey, he's there for the greater good, right?
5 posted on 01/06/2005 4:57:59 PM EST by eyespysomething (And a happy new year!)
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John Linder in the House & Saxby Chambliss Senate, offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright, and provide a IRS free replacement in the form of a retail sales tax:
H.R.25, S.1493
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.Refer for additional information: http://www.fairtax.org, http://www.salestax.org & http://www.geocities.com/cmcofer/ftax.html
For anyone who doesn't know the details of Rep. Linder's sales tax proposal, aka the Fair Tax, you can get a thumbnail sketch of it here: http://www.fairtaxvolunteer.org/smart/sketch.html
Please don't make generalized negative comments about the Fair Tax without knowing something about it.
It's amazing what they can do when it's politically popular.
"Hastert spokesman John Feehery said the speaker's choice reflected his satisfaction with the job Dreier has done and not dissatisfaction with Linder. He said Hastert wants Linder to focus on his years-long effort to replace the federal income tax with a national sales tax."
One should never forget that Hastert and DeLay both are strong proponents of the Fair Tax Act, HR25.
Looks good to me, as I said, either of the two would be much better.
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