He intends to pass the Balanced Budget Amendment.
He says this is the first step on the path to the Fair Tax, which would eliminate income tax altogether.
And he says there is no tax in existence which they cannot raise. We must be diligent to elect people who will not raise it.
His is the only plan which extends the tax base to include the 50% who pay no federal income tax now, not to mention those working under the radar who receive benefits but pay nothing (illegals).
This also eliminates the payroll tax which is 6%.
It's a really good plan, far better than Newt's or Romney's. They want to tweak the old system. He wants to "abolish and replace."
Go to cspan2.org and watch his speech to the Values Voters Summit. It's brilliant.
posted on 10/20/2011 2:39:14 AM PDT
(Proud Mom of a Sailor & 2 Marines! My son has safely returned from deployment, Thank you Jesus!)
He wants to abolish the current system and replace it with the same thing, in fewer words.
No more income tax at all.
posted on 10/20/2011 3:46:06 AM PDT
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