Congressman Leonard Lance Hosts Tax Reform Forum in New Providence
The Alternative Press
The Fair Tax Plan, an alternative approach, was advanced by Steven Hayes, who is a national spokesperson for Americans for Fair Taxation and a member of the board of directors for the Florida Fair Tax Education Association.
“There are two types of people who don’t like income taxes. Men and women,” Hayes said in his opening remarks which drew loud applause from the audience.
The Fair Tax Plan, he said, allows people to keep their entire paycheck and only pay taxes on what they spend.
The Fair Tax is a national sales tax that would treat every person equally and allow businesses to thrive, eliminating the current complex tax code and the Internal Revenue Service, he added.
Hayes said that tax evasion would be substantially reduced since the new national tax would be collected by 7 percent of local retailers that account for 93 percent of local sales tax collections. He added that more than $3 trillion was un-taxed.
“This will spur economic growth at every level of the retail process,” Hayes said...
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