Andy Biggs: “I thank the gentleman from Georgia (Mr. Carter) for yielding. I appreciate his leadership on this issue. I was thinking…”

“I thank the gentleman from Georgia (Mr. Carter) for yielding. I appreciate his leadership on this issue. I was thinking as you were talking about the first job I ever had. I was making--this is really going to date me--I was making $2.50 an hour. I thought, holy mackerel, that is $100. I was working 40 hours and I was going to bring home $100. No, it was $75. That was a million years ago. I would bring home less today because everything else has gone up. I will just tell you something about that. I have watched that same thing happen to each one of my children. We live in this world where the Federal Government kind of clamps down on you. I appreciate this so much. The FairTax Act would repeal all Federal taxes, corporate taxes, individual income taxes, payroll taxes, self-employment taxes, capital gains taxes, death taxes, and gift taxes and replace them with a revenue neutral consumption tax. Do you know what is so nice about a consumption tax? You choose whether you are going to pay it. You choose whether you are going to pay it because it is how you consume. We pay too much already in Federal taxes, and under this administration we are paying silent taxes we never voted for. Since this administration took over, Americans are paying nearly 15 percent more for goods and services due to the inflation tax. I have introduced legislation, and I know others have as well, to repeal the 16th Amendment to permanently abolish the Federal income tax.…”