Friday, February 10, 2006
The Best Web Site I Have Seen In Support Of The Fair Tax.
Here is a web site set up in support of the Fair Tax that is absolutely one of the best I've seen. FairTaxGroups.com. I am going to install a permanent link to this site on my site, but I want to make sure you take a look at it today. There is valuable information about the fair tax, information about town hall meetings and forums to discuss the fair tax.
This issue is so important to me that I will not vote for any candidate that will not support the fair tax no matter how much I agree with them on any other issue. I have already written my US Senator here in N.C. Elizabeth Dole and explained that she has lost my vote and support until she supports the Fair Tax.
Here is why I feel this issue is so important. The current tax code in this country is leading us to a path of economical disaster. In just the last 3 weeks we have been given several warning signs about where our economy is headed. Warren Buffet, world class investor, and definitely someone who knows something about economics, has said that our biggest threat to our economy is not high fuel prices or the federal deficit. He says the greatest danger to our economy is the federal trade deficit, which is the highest it has ever been. The only way to reduce the federal trade deficit is to reform the tax code. There is no other major economic power in the world that places the tax burden on its businesses and industries that the United States does which results in jobs going overseas to enjoy a lesser tax burden.
Another warning sign given is the recent news that our personal savings rate is at its lowest level since the great depression. Our tax code punishes us here as well. You have to pay taxes on the money you save and then you pay taxes on the interest you earn. So really there is no incentive to save.
So here we are facing issues of trade deficits, disappearing manufacturing jobs, and a low personal savings rate. The FairTax is the solution to all of these problems. It will create the biggest tax haven for businesses and industries in the world. You want to see jobs that have gone overseas come back to America and then some make the Fair Tax law. You want to promote personal savings by relieving people of the tax burden when they do save then pass the Fair Tax.
This is just the tip of the iceburg of what the fair tax could do. If it ever passes it would be the biggest transfer in power from politicians to the people since the revolutionary war.
Check out this site learn about the fair tax if you don't know about it, and then get involved with the grass roots effort of making April 15 just another spring day. Here's the link to this amazing website ... take a look.