"A leader is one who knows the way, goes the way, and shows
the way." - John C. Maxwell
Feature Article: Updating the Scorecard
As the presidential primary season heats up, there have been changes
in the candidates and to their tax plans. We decided to revisit where they stand on the FairTax and
will launch a formal 2012 scorecard next week at www.fairtax.org/scorecard.
We’ll continue to monitor how politicians respond to American’s
demand for true tax reform but need your help!
If you are able to meet a
candidate, ask, “If the FairTax bill was on your desk as President, would
you sign it?” Try to record the conversation and send their response to email@example.com.
What candidates favor the FairTax legislation?
- "I love the FairTax. If we were starting over from scratch, I would
favor a national sales tax." However, she has refused to co-sponsor HR 25
because she believes "we would end up with a dual tax, a national sales
tax and an income tax."
Herman Cain: Favors
– He strongly supports the FairTax but advocates a
gradual transition to it through his 999 plan which eliminates
most federal taxes and combines a 9% individual flat tax with a 9% national
Newt Gingrich: Neutral - Although briefed multiple
times by FairTax experts he maintains “...the FairTax is a good idea but I’m
not yet convinced it’s a doable idea...” He supports a dual system of the
current tax code and an optional flat income tax which keeps payroll taxes and
Jon Huntsman: Unknown
– Supports removing loopholes and deductions and combing the income tax into
three rates while eliminating capital gains taxes, dividends taxes and the AMT
and lowering the corporate tax rate.
Gary Johnson: Favors
- “The fair tax is leading my list” for tax code reform but also promotes simplification
such as untaxing savings and investment while eliminating corporate income
Unknown - Proposes to “Reform our
tax system to reduce the burden on working families and small businesses by
cutting taxes, while eliminating loopholes.”
- His economic team was briefed on the FairTax and he has stated a sales tax
would be regressive.
Ron Paul: - Favors -
"I'll vote for the FairTax if it comes up because I have made a promise
that I would do anything to get rid of the income tax and the IRS, and repeal
the 16th amendment and that FairTax certainly moves it in that direction."
Rick Perry: – Favors - “Another
option would be to repeal the Sixteenth Amendment to the Constitution… altogether,
and then pursue an alternative model of taxation such as a national sales tax
or the Fair Tax."
Mitt Romney: Neutral – Likes the idea of a consumption based tax but
wants it to be structured in a way that it doesn’t provide a windfall
for the wealthiest or burdens middle income Americans.
Rick Santorum: Unknown
– Supports lower taxes in general and none on manufacturers.