Americans For Fair Taxation
 

 

"The people are responsible for the character of their Congress. If that body be ignorant, reckless and corrupt, it is because the people tolerate ignorance, recklessness and corruption.” - James Garfield

Extenders For The Millionaire's Club

Wall Street Journal columnist and former presidential speechwriter Peggy Noonan writes in the June issue of Readers Digest that, “Someday history will write of our era, and the biggest scandal will be the thing we accepted in our leaders; chronic and endemic selfishness. History will be hard on us for that.”

Nowhere is this chronic selfishness more pervasive than in our legislative processes on Capitol Hill. Peter Schweizer writes in his groundbreaking book Extortion that:

"Politics in modern America has become a lucrative business, an industry that has less to do with policy and more to do with accessing money and favors. Bills and regulations are often introduced, not to affect policy change, but as vehicles for shaking down people for money and favors.”

And what’s the favorite vehicle for shaking people down? Why the income tax code of course; all 73,954 pages specially written by Washington’s finest lobbyists, many of whom previously served as staffers on Capitol Hill.

Don Corleone said in the movie, The Godfather, “Make me an offer I can’t refuse”. Today’s legislative equivalent of Corleone’s veiled threat has become tax extenders.

Unlike permanent legislation, tax extenders must be renewed every few years or new taxes go into effect, or the taxes that were temporarily halted under the extender are reinstated. 

And make no mistake; the process of renewing tax extenders is all about filling Member’s campaign coffers. And who fills those coffers? Businesses and individuals affected by or who have an interest in the tax law (extender) up for renewal. 

Schweizer provided a sickening example of how the Chairman of the Committee on Ways and Means raised hundreds of thousands of dollars for his campaign coffers during the 2012 election cycle while overseeing that year’s tax extenders that were up for renewal.

This is the same Committee that has yet to act on the FairTax® plan.

According to Schweizer, after announcing hearings on the extenders up for renewal, “ten nervous senior executives at General Electric made donations to Camp on March 19 totaling $16,000. Those executives had an enormous amount of money at stake in the tax extenders drama. They had become masters of sorts over the years in turning profits but largely avoiding taxes, thanks to a favorable and complicated tax code.” 

He went on. “But Camp’s most lucrative play was targeting corporate PACs. From the beginning of March to the date of the hearings to vet which extenders might stay and which might go, he collected 120 checks totaling $230,000 from corporate or trade association PACs, the vast majority of which had money at stake in the tax extender debate.

The money came from the National Federation of Independent Business, the National Association of Home Builders, Walmart, General Motors, General Electric, Associated Builders and Contractors, Johnson and Johnson and more.”

Very neat, very tidy and it’s all legal.

After all, Congress wrote the laws.

In 2013, this same Committee announced with great fanfare the initiation of a bi-partisan plan for fundamental tax reform. Public comment was requested, a multi-city roadshow was orchestrated and public hearings were held.

In early 2014, the D.C. media all but announced that fundamental tax reform would not see the light of day in 2014. The Committee then began to focus on…. You guessed it…. Tax extenders. In 2014, there are 55 tax extenders up for renewal, and surprise, surprise, 2014 is an election year.

Is it any wonder that Congress is the new millionaires club?   

Our Founding Fathers never envisioned a Congress where, in order to affect the legislative process, businesses and individual citizens have to operate like game pieces on a Monopoly board or risk being punished by the totalitarian enforcement arm of the IRS and other government agencies. 

Agencies now literally weaponized with assault rifles and sub-machine guns. As former Microsoft chief operating officer Robert Herbold told Schweizer, “You’re crazy if you don’t play along. They will go after you.”

Our nation deserves a tax code focused on her people and her nation - not one that is punitive and frightening, and fills the campaign coffers of the new millionaires club.

If you agree and have not read Peter Schweizer’s book, Extortion, please pick up this blockbuster expose. We have made it easy.

Simply click here and donate $35 or more, forward your emailed donation confirmation and your preferred mailing address to campaigns@fairtax.org, and we will send you a hardback copy of Extortion. It’s that simple.

We need your support and your need to read this book. 

Don’t delay. Schweizer will give you astonishing insight into the battle the FairTax campaign faces every single day. FairTax supporters are the most educated tax activists in the country. But no tax education is complete without understanding how Washington’s corrupt legislative system really works.

Send your donation today and we will send you the book.

Until next week,

Cindy Canevaro 

Cynthia T. Canevaro - Cindy

Cindy Canevaro

Executive Director

Share The FairTax Image Of The Week

End LoopholesShare with your friends on Facebook, Google+ and Twitter!

The FairTax Act In The Media

FairTax proposal offers simple concept, pluses - Nevada Daily Mail

...There is a far more simple and equitable system that should be adopted and that is the bill, HR-25 titled the "fairtax." The fairtax is a national retail sales tax that would fund government at the current level and would replace and end all taxes on income, including both personal and corporate income tax, Social Security and Medicare taxes, alternative minimum tax and the estate tax.

This tax would be levied on all goods and services for personal consumption…

In summation, the fairtax is simple in concept, simple and easy to comply with, grows the economy at a much faster rate, raises the same amount of revenue, eliminates the IRS and its intrusions on our liberties, makes U.S. goods much more competitive on the world market and encourages capital formation, the lifeblood of business creation and expansion…

Speaker calls for support of new tax systemLimaOhio.com
Steve Curtis, the Ohio Director for the Ohio Fair Tax movement, encouraged members of the Allen County Patriots to support the movement to help turn around the nation’s economy…
“It would prevent businesses from being penalized for being successful,” Curtis said. “In my opinion, it would also break the poverty cycle.”..
Curtis said the system would be much more efficient than the current federal income tax system which is used to collect taxes. He said it would also reverse power from the federal government back to the states, which was what the forefathers intended…

Understanding The FairTax Webinar

With May's Additional Topic: The true cost of our income tax - or why the current income tax is so inefficient

When: Thursday, May 22, 2014

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

Where: At your personal computer, anywhere!

Why: To provide a LIVE, 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 & Host from Orlando, Florida. Our webinars are vital to educating honest tax payers. We help build the knowledge base of those on the front lines as well as those wanting to know what the FairTax is about.

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

May 16, 2014 - Link

Facebook share Google+ share Twitter Share

Featured Video:

Steve Hayes

How will the FairTax affect how Congress works?

 Ways to Engage:

- Contact Congress

- Engage and get updates on Facebook

- Follow us on Twitter

- Donate to the cause

- Find a local leader

- Share the new ad

- Distribute handouts

- Get FairTax gear

- Join the webinar

- Thank cosponsors

- Send an e-card

- Contact the media

- Get FairTax graphics

- Understand basics

FairTax Facts:

The FairTax® Plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive 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 replacement, and, through legislation to repeal the 16th Amendment.

Featured Paper:

Flat Fair Compare Chart

The FairTax, flat tax and income tax comparison chart

---

FairTax Friday Archive

---

Letter to the Austin American-Statesman

Statesman Press Clipping


The FairTax® Friday newsletter is copyrighted by Americans For Fair Taxation®. All articles may be reprinted with proper attribution to the newsletter and the author's article.

Powered By Convio

Update email preferences | Unsubscribe | Contact Us

    Americans For Fair Taxation,  P.O. Box 274878  Houston, Texas 77227-7487
1-800-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  74,000+ 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