THE FAIRTAX: BOLD SOLUTIONS FOR A BETTER AMERICA
WASHINGTON, D.C. – Congressman Woodall (R-GA) spearheaded a Tax Day morning press conference calling on Americans to get the word out to their Representatives in Washington that they want bold tax reform solutions—not political gimmicks. Woodall, the primary sponsor of H.R. 25, The FairTax, along with many other FairTax co-sponsors from both the House and the Senate (S. 13), as well as the Presidents of the National Small Business Association and the National Taxpayers Union, made remarks in support of The FairTax as the solution to our nation’s broken tax code.
“H.R. 25, The FairTax, would repeal all federal corporate and personal income taxes, and replace them with a revenue-neutral personal consumption tax. Under the FairTax, hardworking Americans would take home 100 percent of their paychecks. On top of that, companies and consumers would no longer have to worry about the embedded taxes on labor and production. When that happens, these companies will take advantage of the world’s most productive workforce: the American workforce,” Woodall said.
The press conference happened during a week of heavy tax reform discussion on Capitol Hill. With America hearing so much about the President’s latest gimmick in the so-called “Buffett Rule,” Woodall and his colleagues gathered at the U.S. Capitol to focus on real and meaningful reform.
“Seventy percent of our income tax revenue comes from the top ten percent of earners. Nearly half the nation paid nothing in income tax, and in fact millions received a check instead. The President’s solution to this issue is to continue his politics of division by promoting this so-called ‘Buffett Rule’—a bill that will pay for less than 0.1 percent of the $47 trillion he proposes to spend in his 2013 budget proposal,” Woodall said.
He continued, “The purpose of our tax code should be to collect revenue to run the government—not use it as a tool to pick winners and losers, manipulate consumer behavior, and shape economic outcomes. Our solution takes this destructive tool out of the hands of the federal government and allows every American to become a voluntary taxpayer.”
Georgia Senators Saxby Chambliss and Johnny Isakson, as well Georgia Representatives Tom Price and Phil Gingrey attended the event.
“I’m honored to have the support of my Georgia colleagues and I thank them for taking time out of their busy schedules to advocate for bold solutions,” Woodall said.
“It’s time to stop arguing over the minutia and start making the bold decisions Americans sent us here to make. There is something to be said for making small steps toward progress. However, when it comes to overhauling America’s tax code, I think we need bold steps and we need them quickly. Pass the FairTax today and we’ll start seeing results tomorrow.”
Both the House and Senate versions of The FairTax have the most co-sponsors of any other fundamental tax reform bill currently in Congress. Last year it received a full hearing from the House Ways and Means Committee and has been included in the FY2012 House-passed Budget Report.