End tax blame game by enacting Fair Tax
To the Editor:
I agree for the most part with Francis Mulherin (letter, Dec. 28) that the extension of the federal payroll “tax holiday” is no cause to celebrate, but Mulherin did not go far enough in expressing what is wrong with our current tax system or how to fix it.
This holiday (a cut in Social Security payroll deductions) is a political blame game with both parties trying to win votes, but not helping the people who rely on Social Security. This so-called holiday will cause underfunding, and will hurt unemployed or retired workers who no longer contribute to Social Security. Let’s find a better solution.
Take a bold approach to business expansion in this country by enacting House Resolution 25, “The Fair Tax.”
The Fair Tax (a national sales tax proposal) would eliminate the Internal Revenue Service, all federal personal and corporate income taxes, and all federal payroll taxes — while being revenue neutral. With Fair Tax enactment, corporations could plan for the future. Foreign investors would put money into the U.S. economy, while hard-working people will be able to work for themselves instead of the government.
For more information about this proposal, visit www.FairTax.org, a website of the group Americans for Fair Taxation.
- Sanford Sherman, Bridgewater, NJ