John Rice Carter: “I thank the gentleman from Arizona for his insightful comments. I think we have all had that aha moment when we got our…”

“I thank the gentleman from Arizona for his insightful comments. I think we have all had that aha moment when we got our first paycheck, and we said: Wait a minute, I was supposed to make X-amount, but I am only taking home this amount. Why is that? The reason why is because you are having to pay an income tax, a payroll tax--you have to pay all these taxes. With a consumption tax, the FairTax Act, you decide. If you want to buy a boat, you are going to pay taxes. If you don't want to pay taxes, don't buy the boat. That is all there is to it. I appreciate the gentleman mentioning this about every time you buy something you are paying taxes, every time you purchase a good or a service. Under the FairTax Act you are only paying for your goods or services. You are only paying your tax, not someone else's. There is no other tax proposal--serious tax proposal--that would overhaul the largest and the most regressive tax that the majority of Americans pay, the payroll tax, while making the United States the most competitive place in the world to do business. {time} 1800 It honestly baffles me that my friends on the other side of the aisle haven't embraced this proposal with open arms because it will save taxpayers time, money, and headaches while ensuring that those with more money to spend, AKA the wealthy, pay more taxes. After all, when they buy a boat, it is a big boat--usually a yacht--and the taxes on the yacht are a lot bigger. Now, I am going to buy a jon boat.…”