Political Quotes

“the Fair Tax repeals all Federal, corporate, and individual taxes, payroll taxes, capital gains taxes, and estate and gift taxes and replaces them with a revenue-neutral personal consumption tax. The Fair Tax allows Americans to keep the entirety of their income, putting individuals in charge of their own finances, not the government--or, more specifically, not the Internal Revenue Service. All Americans should be able to trust the IRS, which exercises great authority over the lives of Americans in this country, but we know from past experiences that expectation is no longer founded. So getting rid of the Internal Revenue Service is a significant benefit that comes from the passage of the Fair Tax. I recognize that consumption taxes can be regressive, meaning they are harmful to those at lower income levels. So the Fair Tax takes that into account by providing a pre-rebate for those who fall below certain poverty income levels so that the basics--the things we by necessity need to by in our individual daily lives--are not covered by a tax, therefore creating greater progressivity to what otherwise would be a more regressive tax and something that I think is still important in this country to make certain we don't overtax those at the lowest income levels in the United States. Certainly, our current Tax Code has significant complexities with all the paperwork. By some estimates, U.S. companies are currently holding over $20 trillion overseas.…”