Great news on the FairTax front this morning!
Feb 6th, 2008
Congressman Broun Cosponsors "FairTax Act of 2007"; Calls for
Elimination of the Internal Revenue Service
Broun: "Adopting the FairTax and eliminating the Internal Revenue
Service are ideas whose times have come."
Washington D.C.- Congressman Paul Broun today announced his co-
sponsorship of H.R. 25, the "FairTax Act of 2007." This bi-partisan
legislation, which was introduced by Rep. John Linder (R-GA) and Rep.
Dan Boren (D-OK), repeals all corporate and individual income taxes,
payroll taxes, self-employment taxes, capital gains taxes, and gift
taxes in favor of the simpler, consumption- based FairTax. The FairTax
would be collected at the point of sale, and its adoption would allow
for the elimination of the excessively bureaucratic and needlessly
intrusive Internal Revenue Service.
"Adopting the FairTax and eliminating the Internal Revenue Service
are ideas whose times have come," said Broun. "For too long the
American people have been asked to comply with an incomprehensible,
loophole riddled, lobbyist friendly income tax code that makes it far
too easy for innocent taxpayers to find themselves left to the mercy
of a punitive Internal Revenue Service. By adopting the FairTax, we
can turn the tables and empower taxpayers to control how much of
their money they are willing to send to Washington while also
eliminating the need for the IRS. Switching to the FairTax would
stimulate our economy by promoting saving and by immediately lowering
the embedded costs of all goods and services. The FairTax is good for
the economy, and advances my goal of limiting the size and scope of
government's reach into people's lives. I am proud to co-sponsor this
legislation, and I commend Rep. Linder for leading the effort to pass
it."
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