The FairTax in the News
It's time to dump the
income tax - Crain’s
With U.S. unemployment at a persistent 8.3 percent since
January and the national economy hovering at a meager growth rate of 1 to 2
percent, it is clear that American business needs a boost.
There is much national debate over how to stimulate economic
growth — whether to spend or save our way out of debt. However, no one seems to
be addressing the root cause of the problem — the 77,000-page Federal Income
Tax Code that is full of loopholes and contradictions, and which perpetuates
inequities that polarize the American people into haves and have-nots.
For a growing number of Americans, the only solution is
replacement of the current federal income tax with the FairTax Plan, a federal
consumption-based program that taxes citizens on what they spend, not what they
earn. The FairTax is a new, simplified, transparent and utterly
equitable system of revenue generation that levels the economic playing field,
does away with the IRS bureaucracy altogether, saving $13 billion-plus a year,
and brings a $1 trillion efficiency to U.S. business every year.
Since 2000, pursuant to action by its board of directors, the Associated General
Contractors of America has endorsed and supported the FairTax Plan. As
chairman and CEO of Pepper
Construction, I previously served as president of the 30,000-member trade
association, which represents the construction professionals who build America.
It was through my association with contractors group that I first learned about
and became an active supporter of the FairTax…
U.S. exports are expensive, and foreign imports are, at
retail, cheap. The FairTax levels the playing field. Under the FairTax,
imported goods and domestically produced goods incur the same U.S. consumption
tax. With the present system, U.S. companies and workers must pay income tax
and payroll taxes, but foreign goods enter the country entirely free of any
U.S. tax, other than whatever modest customs duties are levied. The FairTax
removes all taxes on exports, restoring the international competitiveness of
American manufacturers in the global marketplace.
What all this means to America is the increased availability
of funds to apply to debt retirement, positive economic growth and job
creation. And growing our economy creates opportunities for young Americans
ages 18-29, 1.7 million of whom have been jobless for the past year, the
highest unemployment rate for that age group since World War II. This is a
generation in danger of becoming a “lost generation,” jobless and without
prospects to become productive, contributing members of our society and future
leaders of American commerce.
At Pepper Construction, we have a culture of dedicated,
hardworking employees and an expectation of making a fair profit for the work
we do. Adopting the FairTax will go a long way towards ensuring our future
competitiveness, and the competitiveness of our nation.
- Richard Pepper
The September FairTax Webinar
With Special Topic: The Math around How the Average American's Income Will Increase by 29%
When: Thursday, September 27, 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 firstname.lastname@example.org.