Fair-Tax Election Issues
As an economics major from the US Naval Academy, I have studied the Fair Tax and I feel that it will provide a very significant improvement to the US economy when it is implemented.
- When I am elected to Congress, I will write or sponsor legislation for a Constitutional Amendment to put Fair Tax on the fast track to becoming Constitutional law, and
- Shutting-down the Internal Revenue service (or at least greatly reducing its size, as determined by any other Constitutional duties it has).
When Fair Tax is implemented into law, many businesses that have left our country because they were taxed out of existence will return, since they will no longer have to pay corporate taxes.
- With Fair Tax, the taxes will be paid on the final product, businesses will be able to produce their products for less money, since they will no longer have to pay taxes on the raw materials and components of their products.
- Only when the new item is purchased will a consumption tax of approximately 23% actually be paid by the consumer.
- By utilizing the Fair Tax system, everyone will be responsible for paying their fair share of the taxes to operate our government. Currently, 47% of the people pay no taxes at all, so this unfair free ride will be quickly corrected with Fair Tax.
- Because there is a pre-bate that pays people every month so that they will have enough money to cover the taxes on food and essentials, the poor have been considered in the development of the Fair Tax.
- Even illegally obtained money like that obtained from illicit drug sales, etc. will finally be taxed because the people that are involved in illegal activity buy the same consumable products that we all must purchase.
I strongly believe that this new tax system, the Fair Tax, will go a long way to recreating the robust economy for which the United States of America is so well known.
- Business decisions will become less complicated, allowing business men and women to take advantage of economic opportunities in a more expeditious and timely manner when market imbalances occur.
- Businesses will be able to concentrate on making the best possible product, instead of wasting countless man-hours trying to maneuver through our overwhelming and often confusing tax code.
- For those people who were previously working in the IRS or tax related services, there will be so many new businesses that will need their help to efficiently spend their investment dollars in order to provide the most value for their product to be competitive in the market place, that they too will also benefit with new jobs from Fair Tax.
Fair Tax is one of the keys to ending an over-regulated complicated IRS tax code, and allowing the free market system to take-off and provide prosperity for America.
Pro-Fair Tax Pro-Life Pro-American
© 2010 Dan Fanelli, Republican candidate. Elect Dan!
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