Thursday, May 28, 2009

Why the BIG push for FairTax?

I have been pondering since yesterday on the question of why all of a sudden, there's a BIG push going on for this so called FairTax. Below is a copy of the email from the National Taxpayers Union asking me for my support.

But like all truly good things in life the FairTax comes with a price -- your personal support...

So please, Rose, ACT today by signing NTU's online petition calling upon both the House of Representatives and the Senate to enact the FairTax and by making a contribution of $25 or $50 or more if you like. Your donation will definitely help NTU expedite passage of the FairTax by convincing Congress to get off their "duffs".

So if you want the FairTax, Rose, it's up to you... Washington cannot and will not ignore the wishes of the voters. So please act today: sign NTU's petition and make your contribution of $25 or $50, to help NTU turn the FairTax into reality!

P.S. Rose, the beauty of the FairTax is that it helps ALL Americans, but it helps the poor and middle-income Americans the most. Helping NTU to enact the FairTax will uplift millions of other deserving folks who genuinely want and need the FairTax for their families and a better life. Please sign NTU's petition and make your donation today!

So who is the NTU and what are they about? Here's what it says on their web site.

Since it was founded over 35 years ago, the National Taxpayers Union's Number One job has been helping to protect every single American's right to keep what they've earned. Our guiding principle has always been: "This is your money and the government should return it to you." We are a nonprofit, non-partisan citizen group whose members work every day for lower taxes and smaller government at all levels.

Why is an organization that claims to be for getting government out of our pockets and reducing the size of government, promoting a NEW TAX PLAN that will do neither? This morning I found the answer.

IRS tax revenue falls along with taxpayers' income

Federal tax revenue plunged $138 billion, or 34%, in April vs. a year ago — the biggest April drop since 1981, a study released Tuesday by the American Institute for Economic Research says.
When the economy slumps, so does tax revenue, and this recession has been no different, says Kerry Lynch, senior fellow at the AIER and author of the study. "It illustrates how severe the recession has been."

For example, 6 million people lost jobs in the 12 months ended in April — and that means far fewer dollars from income taxes. Income tax revenue dropped 44% from a year ago.

"These are staggering numbers," Lynch says.

Big revenue losses mean that the U.S. budget deficit may be larger than predicted this year and in future years. CLICK HERE.

So now we know the real reason why the big push for a National Sales Tax as well as a Larger Michigan Sales Tax. With all the taxable Manufacturing companies moving out of the country, and the loss of jobs along with it, I guess it only makes sense to our politicians to figure out a way to keep the money flowing in.

Not to mention the huge threat that Ron Paul and those dog gone followers of his pose to exposing the Federal Reserve System and the coming inflation.

CLICK HERE Flat Tax and Fair Tax Explained

Boortz vs. Kotlikoff on the FairTax

And for anyone who doesn't want to believe that this is a push by the REPUBLICAN PARTY than Click Here for the sponsors of the Fair Tax Act of 2009.

Ron Paul: We Don't Need More Of The Same!

Ron Paul may try and play kingmaker of sorts in the 2010 elections. With his grassroots army ready to hit the ground, "Paul is expected to set up a campaign he’ll call 'Ten in ’10,'" Roll Call reports. "While he may personally endorse any number of candidates during the course of the cycle -- and in a few races, he already has -- he’ll invite candidates for all offices to seek special attention and assistance from his PAC."

Oh oh, that means more people like maybe....

Peter Schiff on FOX "I might Run for Senate"

The Money Bomb Gets Passed From Ron Paul To Son Rand

The concept of a money bomb, pooling a bunch of campaign donations in a single day, was made famous during Ron Paul’s Presidential campaign of 2007 and 2008. Many others have utilized the practice to draw in campaign funds and press mentions since then. Now, it is Ron Paul’s son, Rand Paul, who is ready for his own.

This one is to raise money for his exploratory committee for the U.S. Senate representing Kentucky. The day is next Monday, June 1st, 2009. The goal is $25k in a single day. More details are here.

We need more Ron Pauls in DC. Without cloning Ron Paul it is unlikely you’ll find someone more similar than his son, Dr. Rand Paul.

Please help Rand Paul out by donating on June 1st!


Anonymous said...

The big push for the FairTax is about being "revenue neutral". At least that's what they said when I was debating them in the Bush days. The founder of the FairTax movement is an ex-Federal Reserve chairman or something. I'd need to look it up again. So there is a fundamental difference in opinion here. FairTax aims to remain revenue neutral, but make you feel like some positive change has happened whereas people like yourself wish to cut the revenue coming into the government.

R. George Dunn said...

I agree with Richard, that the Fair Tax Plan or the tax structure is a separate issue from the unconstitutional destructive spending by the Feds including the Reserve.

The difference between the Fair Tax and the Flat tax is with the flat tax we keep the same corrupt Washington lobbyist tax loopholing even though the flat tax is claimed to remain so.

The income tax, all payroll tax, corporate tax, near all tax we have today ends up hidden in the cost of American products. Continuing with these taxes will leave in place as the penalty excise tax on domestic manufacturing making for unfair free trade.

The Fair Tax will eliminate all the hidden tax in domestic production making American manufacturing more able to compete with imports thus a renewal of jobs in America which is what is needed to eliminate all this socialism demand which will finish us off. Fair Tax is our saving economic plan and returning to the respect of the constitution as written is our saving grace to return our properity in liberty and freedom of the indivdual.

Anonymous said...

If the FairTax is revenue neutral, meaning bringing in the same about of money in taxes, then how could this be an economic stimulus? We'll still be being taxed that same about. It doesn't matter how they collect the money, they shouldn't be collecting it to begin with.

Anonymous said...

For years Conservatives have posited that a VAT is bad policy, fearing it would become additional to an income tax (it was called a "money machine"). Circa 1980, conservative intellectuals touted Hall-Rabushka "subtraction method"[ H-R ] VAT which taxed business value added at the business side and labor value added at the labor side. Unlike European VATs (identical in scope), H-R became favorite of Dick Armey and Steve Forbes. It eliminated steeply progressive tax rates and tax on savings. Because of the prior VAT criticisms, H-R was packaged as the "flat tax" and is sold as an income tax to this day, rather than the VAT that its DNA characterizes it as being.

Some conservative commentators have called for the repeal of the 16th Amendment and for the adoption of the flat tax, (despite the fact that it is styled as a direct tax and could not be adopted with such repeal). Mr. Bartlett has called the national sales tax [ie, the FairTax] a VAT (which it isn't), castigated VATs as evil, and has said that sales taxes have become VATs in Europe (which they didn't). In the next breath, he "throws his arms around" the flat tax (which is a VAT). He quotes Bill Gale that the [FairTax] would have to be imposed at 60 percent, but glaringly fails to recognize that if the two bases are the same, he would have to impose that rate for the flat tax to be revenue neutral. In truth, all economists know that the two plans differ NOT in economic effect or base, but in administration.

An income tax taxes savings and investment multiple times. Both flat tax and FairTax are neutral as to savings and investment, tax income only once, and are both consumption taxes. Both are single rate taxes, have nearly the same base, and would improve the U.S. standard of living. Neither redistributes wealth.

[T]he flat tax taxes value added at each stage in the production process, but the FairTax prefers to tax it when it is added up at the end and eliminate the need to make everyone a taxpayer and collector.

Substantive commonalities between the flat tax and FairTax doesn't mean that there are NO key political and policy distinctions that could be exploited in pitting one against the other...

• The flat tax will make small firms and farmers pay the tax even if they have no profit
• The flat tax is opposed by many small business groups
• The flat taxers implicitly support big government by disguising even more of the overall tax burden as the current law
• The flat tax has been kicking around for nearly 20 years
• The flat tax makes everyone a taxpayer and collector, while the FairTax exempts 115 million filers [2000 figure] from ever having to deal with the IRS
• The flat tax is regressive, but the FairTax would enable everyone to keep his full paycheck.
• The flat tax has not only stalled, it has lost public and Congressional support.
• The FairTax is instantly understood, while even some proponents of the flat tax don’t understand it
• There are no transition rules developed for the flat tax and they would be very difficult to craft
• The flat tax taxes exports and relieves imports from tax
• The flat tax confuses tax reform with temporary tax reduction and makes both twice as hard
• The flat tax retains the entire income tax apparatus which erodes as quickly as you can say, “tax bill”
[I]n the battle for tax reform, the real enemy is our current system.

Income tax advocates look down upon [Rose Lear] with smug chortling, as [she] is doing their work for them. The IRS and the liberals who want an income tax to ensure (1) taxes can be raised without the American people knowing it, and (2) wealth can be redistributed from the middle class to the poor, do not even need to fight us - we're killing ourselves!

( Source - Addit'l at Whitepaper - May republish in whole or part. - Ian)

Rose said...

"Income tax advocates look down upon [Rose Lear] with smug chortling, as [she] is doing their work for them."

Come on Ian, you and Daar are just sore because I wouldn't post your prepared rebuttal to Vance's article "FairTax Fraud".

What you Fair Taxer's seem to miss is that we have every intention of having the Federal Reserve Act repealed. Let me see, aren't their 179 co-signers on HR 1207 to audit the Fed? That's the first steep.

Richard is the only one who gets it. CUT SPENDING. Government doesn't need to be so big.