John Rice Carter: “Did you hear what he just said? Unleash American growth. Unleash American growth. Wow. What great words. Mr. Speaker…”

“Did you hear what he just said? Unleash American growth. Unleash American growth. Wow. What great words. Mr. Speaker, the bottom line: Our current tax system is broken. It is broken, and it is oppressive. The FairTax Act allows Americans to keep 100 percent of their paycheck, of their hard-earned paycheck, and it ends the IRS headache. A family of four earning $30,000 a year is going to pay zero, not one penny, in taxes. Further, this bill will save small businesses hundreds of billions of dollars a year in compliance costs, making it easier to start and grow a business here in America--we need that; we need more small businesses--by capturing the underground economy. Almost every speaker has talked about this. We are going to be capturing the underground economy--tourism dollars, purchases made by illegal immigrants. This bill will save Social Security while leaving more money in the hands of the American people and revolutionizing our economy. Mr. Speaker, I yield to the gentleman from New York (Mr. Santos), the latest sponsor of the FairTax bill.”