Americans For Fair Taxation
 

 

“Whoever is careless with the truth in small matters cannot be trusted with important matters.” - Albert Einstein

Attacks on FairTax® Missing the Facts

Voters Understand the FairTax will Lower Taxes for Working Americans and Create Job Growth

Below is a press release issued yesterday to the national media in response to a number of Congressional campaigns who are, yet again, using false and misleading statements about candidates who are currently or who have previously supported the FairTax. The foundation of these attacks appears to be based on an eight-year-old  "study" of a hypothetical, non-FairTax national consumption tax. FactCheck.org has, for several years, repeatedly called out these campaigns for misrepresenting the FairTax.

FOR IMMEDIATE RELEASE - June 5, 2012

Houston, TX – Today Americans for Fair Taxation® reiterated the need to implement a single-rate, federal retail sales tax on new goods and services that would make the American tax system fair for everyone. The FairTax, a simple, fair and transparent solution to replace the current tax system with a national sales tax would allow American families to be treated equally and businesses to thrive.

Studies show the FairTax, that offers a national retail sales tax at a rate of 23 percent, reduces marginal tax rates on work and savings while also cutting the average lifetime tax rates for current and future workers. In fact, analysis by the Beacon Hill Institute indicates that not only does the FairTax increase investment and real Gross Domestic Product, it would result in job growth of 8-12 percent over the next 10 years. That means in the first year, the FairTax would have created 16 million more jobs than the current income tax system.

“There is nothing more important to working Americans right now than jobs,” said Mr. Leo Linbeck, Jr., Chairman of Americans for Fair Taxation. “That job growth can be accomplished 

with a simple and fair tax seems to be the most reasonable approach to fueling the economy. “This year’s elections show that tax issues and job growth are just as important as spending issues and they will continue to be an issue heading into November. Despite attempts by some candidates to mislead voters about the FairTax, we will continue to monitor and correct the record wherever necessary.”

Attack ads in previous election cycles so distorted the FairTax that the respected, non-partisan University of Pennsylvania website FactCheck.org corrected the “false” and “misleading” information presented about the FairTax.

The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment. Go to www.fairtax.org.

The FairTax Picture of the Week

FairTax Paid by Annual Spending

The FairTax in the News

Proposed Fair Tax replaces national revenue with sales tax - News-Journal

…Supporters of a national movement to eliminate all but sales taxes — and jack those up to 23 percent atop state and local sales levies — made their case to a conservative audience in Longview Tuesday night.

“How would you like to receive 100 percent of that paycheck or your retirement check,” a spokesman for Americans for Fair Taxation told about 60 members of We The People-Longview. “The Fair Tax Act is having 100 percent of your paycheck coming to you.”

The trade-off for elimination of payroll taxes, capital gains taxes and annual checks to the IRS, Gene Cushion said, is paying 23 percent on all goods and services bought.

That mark is offset by two elements in House Resolution 25, or the Fair Tax Act — second-hand items, including cars and homes, would not be taxed; and the government would cut monthly checks to everyone with a Social Security number...

National Radio Legend Neal Boortz Passes the Torch - MarketWatch

Today national radio talk show host Neal Boortz announced live on his program that he's retiring from his daily show and passing the torch to his friend and colleague, Herman Cain. His last day hosting The Neal Boortz Show, which premiered on News/Talk WSB in 1993 and now airs on more than 200 radio stations with six million weekly listeners, will be January 18, 2013...

The compelling talker is regularly called upon as a guest by Fox News, CNBC, Fox Business and CNN. As a best-selling author, his books, including The Fair Tax Book, have enjoyed #1 status on the New York Times Best Seller List...

The June FairTax Webinar

With Special Topic: Simplifying the savings of purchasing used vs. new goods under the FairTax

When: Thursday, June 28, 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, 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.

Week of June 8, 2012

Featured Video:

Worth a good fight

Some things are worth  a good fight!

 Ways to Engage:

- Contact Congress

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- Watch the webinar

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- Join FairTax 2012

- Contact the media

- Get FairTax graphics

- Understand basics

FairTax Fact:

The FairTax benefits all income groups. Of 42 household types (classified by income, marital status, age), all have lower average remaining lifetime tax rates under the FairTax than they would experience under the current tax system.

Featured Paper:

FairTax Fundamentals Paper

The FairTax: Fundamentals and Facts

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