Replace All Federal Taxes on Income with the Fair Tax Act , HR 25
Randy Forbes News Letter on new "Freedom Flat Tax"!
This is copied from Randy Forbes newsletter:
Reducing the Current Tax Burden – I’ve supported H.R. 470, a bill that would reduce income taxes by 5% across the board, increase the child tax credit, make the lower capital gains tax rate permanent, and repeal the Alternative Minimum Tax, among other things.
Making these changes would go a long way in reforming our tax code into a simpler, less costly, and more equitable system. Perhaps one day we might even be able to do our taxes in the time it takes to have a lunch break, rather than a work week.
**** I wrote his office asking why, after years of us asking him to support the Fair Tax, he jumped on this bill. I also requested him to describe his reasoning for choosing the "Freedom Flat Tax" over the Fair Tax. I will post his reply.
Reducing the Current Tax Burden – I’ve supported H.R. 470, a bill that would reduce income taxes by 5% across the board, increase the child tax credit, make the lower capital gains tax rate permanent, and repeal the Alternative Minimum Tax, among other things.
Making these changes would go a long way in reforming our tax code into a simpler, less costly, and more equitable system. Perhaps one day we might even be able to do our taxes in the time it takes to have a lunch break, rather than a work week.
**** I wrote his office asking why, after years of us asking him to support the Fair Tax, he jumped on this bill. I also requested him to describe his reasoning for choosing the "Freedom Flat Tax" over the Fair Tax. I will post his reply.
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