Exactly. The panel that President Bush had appointed failed miserably. Time for President Bush himself to stand up and be accounted for by getting behind the FairTax.
The United States trade deficit is projected to be a trillion dollars by 2010.
How to turn around the trade deficit and
create a massive amount of new jobs in record time
Rep. Bill Archer, Chairman, House Ways and Means Committee:
"A recent survey was done, in Europe and Japan, of the major corporations and I was astounded at the results. They were asked, 'If the US abolished its income tax and went to a sales tax, would that have any impact on your decisions?' Eighty percent of the corporations said they would build their factories in the United States of America. Twenty percent said they would move their international headquarters to the United States of America."
There exists tax competition among governments. It's not a matter of if consumption-based sales tax will gain dominance the world over, but when, and which country will lead the charge and which countries will play catch up.
The United States must take the lead.
That's the short list. For more information see fairtax.org or search: "national sales tax" OR "national retail sales tax"
Nobody wants another commission. But S.2182 at least puts a timetable on abolishing the IRS and if a better system can't be found the congress must vote to re-authorize the current income tax code. I think this is a hell of a step. It forces the issue IF it can get legs. We need to write, write, write.