Tax Reform is becoming a major policy issue in the United States, but since it is mainstream introduction to the public, the FairTax Act has gotten much more attention. The FairTax is a unique tax reform policy as it replaces our current tax code with a 23% national sales tax. It has gained support (and criticism) from all areas of the political spectrum. In fact, Neal Boortz and former Congressman John Linder’s book The FairTax Book published in 2005, was a New York Times #1 Best Seller, and stayed in the top ten for seven weeks. Since the FairTax legislation, H.R. 25, has been introduced in 1999, it has gotten more than 73 co-sponsors in the House of Representatives. Its Senate counterpart, S. 122, has eight. People are getting upset with the abusive power of the IRS, and the complexities of our current tax code. This issue is being brought up in debates, and congressmen have started campaigning on these issues. While debate on the floor may be a few years away, (this will have a direct correlation with the outcome of the 2014 midterm elections, which remains to be seen) tax reform is still an important issue that effects every American, whether they chose to be ignorant or informed.
The FairTax was created in 1995 when businessmen Leo Linbeck and Robert McNair created the Americans for Fair Taxation, a non-profit and nonpartisan grassroots organization created for the sole purpose of tax reform (“About FairTax.org”). The goal was to create a tax plan that would reduce the cost of compliance individuals and small business face as a result of our current tax code, reduce taxes for the majority of Americans while still bringing in enough money to fund the federal government, social security, and Medicare, and make the United Sta...
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The federal and state governments provide the American citizens with all of the basic necessities within our communities and society that is taken for granted. Programs responsible for assistance in times of need, providing a quality standard of living, and maintaining the strongest military in the world costs incomprehensible amounts of money and could never exist without taxes from the American people. Taxes are payments made by individuals and businesses to support the government and its services