Forbes Ignores Real Tax Reform
- "GARY BURGER" <gburger@...> wrote:Editor: Steve Forbes support for Giuliani and his tax cut proposal
fails to mention any real reform to the code. In fact, this proposal,
which has zero chance of passage, continues the current code in tact.
Even if passed, it would be modified thousands of times in the next ten
years, just as it has in the past. We will still spend hundreds of
billions keeping records, hiring tax professionals and filing forms, not
to mention suffering the IRS tactics to collect. The imbedded taxes in
everything we buy and try to sell overseas continues. Inflation caused
gains in savings and investment will continue to be taxed. In short,
it's a complete waste of time.
The only true tax reform proposal is the one championed by Mike
Huckabee, the FairTax. This proposal has far more support in Congress
than any other proposal. Its easy to see why. The FairTax rids us of
taxes on current income, including the 15.3% payroll taxes, business
profits taxes, capital gains and death taxes. It removes the imbedded
taxes, estimated at 22%, in our goods and services. Interest rates will
drop and the economy will boom.
But those in Congress who want to manipulate our economic behavior and
expand government will be losers. So will the 110,000 IRS employees and
the 2 million tax professionals. So will the criminals and cheats who
now benefit from a system which favors them and punishes the honest,
hard working guy.
The Founders knew the evils of taxing income and made it practically
impossible to do so in the Constitution. Then came the worst mistake in
American history, the 16th Amendment. Can anyone argue that this has
not been a complete disaster and a lie to the American people? We can
return to the wisdom of the Founders. We can unleash our economy. We
can return freedom and privacy to the people. Its simple and fair, the
FairTax.Gary H. Burger
Volunteer District Director,
Americans for Fair Taxation
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