Congressman Paul Broun has signed on as a co-sponsor of the FairTax:
Congressman Paul Broun recently announced his co-sponsorship of H.R. 25, the “FairTax Act of 2007.” This bi-partisan legislation, which was introduced by Rep. John Linder (RGA) and Rep. Dan Boren (D-OK), repeals all corporate and individual income taxes, payroll taxes, self-employment taxes, capital gains taxes, and gift taxes in favor of the simpler, consumption-based FairTax. The FairTax would be collected at the point of sale, and its adoption would allow for the elimination of the excessively bureaucratic and needlessly intrusive Internal Revenue Service.
“Adopting the FairTax and eliminating the Internal Revenue Service are ideas whose times have come,” said Broun. “For too long the American people have been asked to comply with an incomprehensible, loophole riddled, lobbyist friendly income tax code that makes it far too easy for innocent taxpayers to find themselves left to the mercy of a punitive Internal Revenue Service. By adopting the FairTax, we can turn the tables and empower taxpayers to control how much of their money they are willing to send to Washington while also eliminating the need for the IRS. Switching to the FairTax would stimulate our economy by promoting saving and by immediately lowering the embedded costs of all goods and services. The FairTax is good for the economy, and advances my goal of limiting the size and scope of government’s reach into people’s lives. I am proud to co-sponsor this legislation, and I commend Rep. Linder for leading the effort to pass it.”
Congressman Broun is the 69th Member of Congress to agree to cosponsor this legislation.
I await comments from Indy.