Sen. Saxby Chambliss reintroduces the FairTax Act04/04/2007
On April 3, 2007, U.S. Senator Saxby Chambliss, R-Ga, held a FairTax rally and press conference in Atlanta to announce the reintroduction of The FairTax Act of 2007 into the Senate (S 1025). To underscore the importance of this piece of legislation, national media and over 200 Georgia FairTax supporters (some with less than a day's notice) gathered at the Georgia Freight Depot at Underground Atlanta to pay tribute to Senator Chambliss for, once again, sponsoring the best alternative in the national tax reform debate. Joining him was Senator Johnny Isakson, R-Ga, U.S. Reps. John Linder, R-Ga, and Tom Price, R-Ga, along with Ken Hoagland, National Communications Director of Americans For Fair Taxation, businessman and radio personality, Herman Cain and other advocates of the FairTax. Although the House version of the bill (HR 25) was reintroduced in January, Senator Chambliss chose to wait until the dreaded "tax season" was upon us in hopes of making a statement that Americans truly desire and deserve a fair, simple, and transparent tax system. The press conference focused on how the principles of the FairTax legislation meet these needs and was a message to congressional leaders that the momentum surrounding the FairTax is, indeed, growing across the nation. Visit the following link to see photos and a write up about the event provided by Georgia FairTax leaders http://www.gafairtax.org/Events/Chambliss.htm on the Georgia state FairTax website.
“I have heard from many Georgians about the FairTax and I am proud to be the primary sponsor of this legislation in the U.S. Senate,” said Chambliss. “As we have seen and heard today, there is strong grassroots support for the FairTax which would bring fairness and simplicity to our cumbersome and bureaucratic tax code and that’s what taxpayers deserve.”
Rep. Linder stated, “I am excited to join my good friend, Saxby Chambliss, to celebrate his introduction of the FairTax in the Senate. The progress we have made since first introducing the FairTax is simply amazing. I introduced the House version this year on January 4th with more original co-sponsors than ever before, and the number of co-sponsors in the House has more than doubled in only 3 months. Now we are watching Senator Chambliss introduce the Senate version with 4 original cosponsors. I am confident that congressional support will continue to grow, because the grassroots growth has been phenomenal and it is obvious that Americans are way ahead of the politicians.” H.R. 25 currently has 57 co-sponsors (a listing can be found in our News & Developments section under Co-Sponsor Gallery) and the Senate bill has already been co-sponsored by Johnny Isakson (GA), John Cornyn (TX), and Tom Coburn (OK).
“Americans deserve a fair tax code one that doesn’t require a team of lawyers, tax experts and months of hard work to decipher,” said Tom Price, one of the congressional co-sponsors. “The decent American people have been willing to pay more than their fair share despite the obvious and unnecessary complexity of our modern tax system. They should be allowed to take home their entire paycheck and decide for themselves how they wish to save, spend and invest their own money. Decades of tax reforms have done nothing to undo the burden our current system places on the American family.”
The FairTax shifts the federal government's method of revenue collection from income to personal consumption. The FairTax repeals all federal personal income taxes, corporate income taxes, payroll taxes, self-employment taxes, capital gains taxes, and gift and estate taxes, and replaces those taxes with a revenue-neutral 23 percent personal consumption tax on all retail sales of new goods and services.