A national Consumption tax is something we need very, very, badly.
This bill was created to try and rectify the problems that have emerged from the Federal Income Tax and the IRS's existence. It would repeal the 16th amendment and put in its place a national sales tax for the United States Government to collect revenue. The problem with our current system is that a) The Income Tax is a great violation of personal liberty, with the government forcibly taking our hard earned money and b) The IRS has become a highly sophisticated organization, and nearly incomprehendable to ordinary citizens. The FairTax would fix both these problems and then some. It would allow us to take home all of our paycheck, instead of having it cut to pieces by taxes, and it would end the Income Tax's destruction of our rights. It would make taxation a choice, meaning it is your choice to go out and purchase luxury commodities and the like. It would also render the IRS and its highly intricate Tax Code unneccesary and wasteful.
Economists at Boston University concluded that the FairTax would reward low-income households with 26.3% more purchasing power, middle-income households with 12.4% more purchasing power, and high-income households with 5% more purchasing power.
This issue destroys class and party lines. It simply logic to endorse something like this, and a National Candidate like Obama would be the best to endorse it.
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