New Information on the FairTax

Originally posted on 15 February 2005

The FairTax's designation in the Senate has changed to S. 25 for the purpose of more closely mirroring the related House bill, H.R. 25. The current bill is titled 'Fair Tax Act of 2005'.

You ought to write your people in Congress to get their support behind this bill. The FairTax would transform the United States into the largest tax shelter in the history of civilization. Businesses from all over the world would come here to set up shop. This would lead to a growing economy and thus an increase of federal tax revenue (from the national retail sales tax). There would be no more income tax; no more wicked IRS. There will be no more April deadline to do your tax paper work. I really don't see a downside.
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posted by The Sovereign Editor | 8:04 PM

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