Joe Six Pack

The answer is actually really simple, anyone can understand it, any government can do it. The problem is that the solution takes the power away from the politicians. The Fair Tax Act would create an immediate stimulus by allowing 16 trillion overseas to come home and 430 billion that we spend on filing taxes to be spent on goods and services rather than on government compliance. Add to those two factors that the Fair Tax Act would make the US the tax haven for the world and manufacturing jobs would return our shores and we would have extremely low unemployment. A study was done and it asked the 400 largest corporations outside of the US what impact the Fair Tax Act would have on them was this: 240 said that they would build their next plant here and the remaining 160 said that they would move their corporate headquarters here. Add to that the little guy, Joe Six Pack would have more money in his pockets via no federal or FICA taxes being taken from his paycheck and he would receive from the government a check for $498 monthly as a reimbursement for the taxes that he spent on the first $26,000 of his purchases and he did not have to file taxes and keep records our economy would soar. When Joe Six Pack finds out about the Fair Tax Act I would not want to be a congressman or senator in his district when Joe asks why we haven't passed this yet. The 535 rock stars in congress will hide it as long as they can but Joe is not as dumb as they think he is. The debt would be paid down to zero and the debt ceiling would become a thing of the past.