Get Ready For Another #FairTaxFriday!

January 25, 2013 9:26 am

by Nathan · 8 comments

Welcome to a damp, cold, and slightly icy #FairTaxFriday.  In this week’s edition, we get this presser from U.S. Senator Saxby Chambliss’ office:

Last night, U.S. Sen. Saxby Chambliss, R-Ga., introduced S.122, The FairTax Act, which would implement a simpler, less-cumbersome tax code. Chambliss has introduced the FairTax legislation every year he has been in the Senate.

“The current tax code has become too burdensome and complex, and is filled with provisions that only benefit a few Americans at the expense of everyone else. That’s simply not right,” said Chambliss. “The FairTax Act would create a fairer, simpler tax code that allows every American the freedom to determine his or her own priorities and opportunities.”

The FairTax would shift the federal government’s method of revenue collection from income to personal consumption. It would abolish the Internal Revenue Service, and repeal all federal personal income taxes, corporate income taxes, payroll taxes, self-employment taxes, capital gains taxes and gift and estate taxes. It would replace those with a revenue-neutral, personal consumption tax on all retail sales of new goods and services.

Original co-sponsors of the bill are U.S. Sens. Richard Burr, R-N.C., Jim Inhofe, R-Okla., Tom Coburn, R-Okla., John Cornyn, R-Tex., Jerry Moran, R-Kan., and Ted Cruz, R-Tex.

To watch Sen. Chambliss introduce the bill on the floor of the Senate, click here.

Georgia’s dominating the legislative FairTax football, so discuss how this may or may not affect its passage.

Just as a friendly reminder for all the FairTax Folks out there, Boortz has until Feb. 7th to get at least 25,000 signatures to generate a response from the White House on his petition to sit down with President Barack Obama to discuss tax reform.  He’s around 7,000 signatures shy of the goal.

John Vestal January 25, 2013 at 9:56 am

Boortz’ petition got in the queue ‘just under the wire’…..just a few days before the WH raised the required signature threshold from 25K to 100K.

Lawton Sack (GATA Eagles!) January 25, 2013 at 4:43 pm

A 300% increase in the listening tax.

IndyInjun January 25, 2013 at 10:02 am

I think I will sign it because the FT bill is best described as the “Talk Radio Eradication Act of 2013”

chamblee54 January 25, 2013 at 11:08 am

Here is a collection of chamblee54 posts on the “fair tax”. You might say I am not a believer. There is a 2008 video of BHO that is highly amusing.

Charlie January 26, 2013 at 12:24 am

So….safe to say Saxby stepped on his own FairTax! Friday, right?

Nathan January 26, 2013 at 10:01 am

Yup. Or maybe his retirement was just a distraction…

IndyInjun January 26, 2013 at 7:06 am

When he reintroduced that bill, I said he wasn’t running. Inez Tennenbaum threw a serious scare into Jim Demint in SC after he endorsed the FT and John Barrow murdered FTer Max Burns with his “Max Tax” ads. Demint fled the FT after that and Burns wouldn’t really touch it the next time be ran in 12.

It is one thing to run on the mythical “fair” tax as depicted by Linder and Boortz. It is something else to run when there is H.R. 25 and its companion Senate bill that is one giant target with the candidate as the bulls eye.

IndyInjun January 27, 2013 at 1:52 pm

Meanwhile, Subway has to apologize for selling an 11 inch sub instead of the 12 inch advertised, giving even more credeence to the theory that rewarding a government TWICE for creating price inflation in food and energy by applying a tax that increases with said inflation just might not be a good idea for the public.

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