Americans For Fair Taxation
 

 

“First they ignore you, then they laugh at you, then they fight you, then you win." - Mahatma Gandhi

On Sunday, America Moves to Last Place

On Sunday, April 1, America will earn a new #1 distinction. Sorry folks, this is no April Fool’s joke. This is serious business with serious consequences.

The Wall Street Journal warns about this impending honor - ironically, only weeks before 'tax day':

"April 1 is a date that every politician and business executive in America should circle on the calendar. That's when Japan cuts its corporate tax rate to 36.8% from 39.5%. The United States will then hold the title of highest corporate tax rate, with average combined federal and state profit levies of 39.2%.

The Washington Examiner adds, Come Sunday, America finally has something to crow about in its economic war with China and Japan: It will have the highest jobs-killing corporate tax rate in the industrialized world.”

The grim news is that American businesses – especially small businesses – don’t have many options as The Business Roundtable makes clear in their "Taking Action for America: A CEO Plan for Jobs and Economic Growth:"

"A study of financial statement effective tax rates for the 2,000 largest companies in the world found that U.S.-headquartered companies faced a higher worldwide effective tax rate than their counterparts headquartered in 53 of 58 countries over the 2006-2009 period."

The Heritage Foundation warns,Our high rate also makes our businesses prime targets for takeovers by businesses headquartered in foreign countries, because their worldwide profits are no longer subject to the highest-in-the-world U.S. corporate tax rate. Until Congress cuts the rate, more and more iconic U.S. businesses such as Anheuser-Busch (which was bought by its Belgian competitor InBev in 2008) will be bought by their foreign competitors.

Not content to just depress our economy at home, our tax code also essentially prohibits American corporation’s foreign earnings from being reinvested in the USA by subjecting them to an incredibly high 35% tax rate!

Politico reports: "Apple is planning to spend an estimated $45 billion of its cash reserves in the next three years, as part of a program the company announced Monday that includes the first dividend for shareholders since 1995.

But not one penny of that is slated to come from the roughly $64 billion the company has stashed overseas. That’s because Apple, like other corporations, is loath to pay the heavy tax hit for repatriating that money."

This is another case where our tax laws are seriously harming our nation, our economy and our economic competitiveness - and we tolerate it!

So where are our politicians? Republican Presidential candidates uniformly propose lowering the corporate tax rate and President Obama would like to do the same. But that is simply like putting a Band-Aid on a cut needing stiches. And as the saying goes, Congress continues playing partisan gridlock while Rome burns.

Once again, the FairTax is a non-partisan answer to Washington-as-usual politics.

But what does a high corporate tax rate mean to you, an average American citizen?

Have you found a "Made In America" label on the products you recently purchased? Where did those jobs go? And for everyone employed in our current economy, there are neighbors who aren't working because costs were too high for their employers to keep them on the payroll. Imagine what trillions of dollars invested back into our economy from corporate America's foreign earnings would look like!

There is a solution waiting for Congressional action right now. Passage of the FairTax (HR 25/S 13) would eliminate the corporate tax code in its entirety and transform our economy. That’s one reason why 80 economists endorsed HR 25!

Demand that your Congressman represents you!

Thank you!

Share the FairTax Picture of the Week!

Bring Made In America Back

Share this message with your Facebook friends here!

The Brand New FairTax.org

The redesigned FairTax.org is live! Have you seen the new look yet? Have your friends?

The new FairTax.org

The FairTax in the News

Fair Tax should replace IRS, flawed income tax – The Hill

…The income tax has been seriously flawed from its inception. Every working citizen must spend several hours every year completing the tax forms or pay a professional to prepare it. There is a myriad of persons, whose salary we pay, working within the IRS shuffling all this paper.

The income tax should be replaced with the Fair Tax and thereby eliminate the expensive IRS, its imperfections and loopholes manipulated by our congresspersons. The Fair Tax is essentially a national sales tax. It is collected at the point of sale. There are no exceptions; everything that is purchased is taxed. There are safeguards to protect those living below the poverty level. 

The Fair Tax has been “in committee” in both the House and Senate for more than a year. Ask your congressional candidates about the Fair Tax before you vote.

- Glen Terrell, Arlington, Texas

Cardwell: Negative ads work in politicsCherokee Tribune

...How does this apply to politics? Take any of the real problems we face as a nation. Tax reform: Someone proposes a solution, say the FairTax, an idea where everyone would pay a consumption tax equal to 23 percent of everything they spend. The idea isn’t perfect, but in my view, it’s a whole lot better than the current tax scam run by the IRS. It will never get close to becoming law, though, because opponents (Democrats and Republicans) know how to “Oh Brother” it to death. 

Politician: “I’m for the FairTax.” 

Opponent: “He wants to hurt poor people.”

Politician: “How in the world do you think that I want to hurt poor people?”...

The April FairTax Webinar

With Special Topic: The Impact on the Sale and Manufacturing of New Goods

When: Thursday, April 26, 2012

Time: 8 pm Eastern, 7 pm Central, 6 pm Mountain, 5 pm Pacific

Where: At your personal computer, anywhere!

Why: To provide an interactive forum for people who cannot get to local meetings to learn about the FairTax and to present special topics that are frequently misunderstood or not generally discussed.

Who: Join Marc Manieri, webinar producer and host from Orlando, Florida. In their fourth year now, Marc’s webinars draw national participation from seasoned FairTax supporters as well as those just getting introduced to the FairTax.

Join: To participate, register here and watch for the confirmation email. For more information contact Larry Walters at repeal_16@earthlink.net.

Featured Video:

Woodall consumption vs income speech

House Floor Speech: Taxing Consumption vs Income

"We can do things, here in this house today, that guarantee a better econmy in years to come."
- Congressman Rob Woodall

 Ways to Engage:

- Contact Congress

- Engage and get updates on Facebook

- Follow us on Twitter

- Find a local leader

- Distribute handouts

- Get FairTax gear

- Watch the webinar

- Send an e-card

- Join FairTax 2012

- Contact the media

- Get FairTax graphics

- Understand basics

- Join FairTaxNation

Featured Paper:

The impact of the FairTax on American manufacturing, agricul

The impact of the FairTax on American manufacturing, agriculture, trade, and international competitiveness
Powered By Convio

Update email preferences | Unsubscribe | Contact Us

Americans for Fair Taxation, Essex Lane Suite #328, Houston, Texas 77027
1-877-FAIRTAX (324-7829)


Paid for by Americans for Fair Taxation

Americans For Fair Taxation is a 501(c)(4) non-profit organization. One provision in the  70,000+ pages of the federal tax code makes investments in your non-profit FairTax organization non-deductible. If you would like to send a check or credit card contribution by mail please download and print our contribution form here.

Tell A Friend fairtax.org Update Interests fairtax.org