Author Archives: FairTax
Trial lawyers' gun for their own loophole
In exchange for the billion dollars that the legal profession has contributed to lawmakers since 1990 — the vast majority of it to Democrats — trial lawyers are gunning for a tax break that applies only to them, worth some $1.6 billion. Continue reading
The Consumption Tax That Does Make Sense
The recent trial balloon out of perennially cash-hungry Washington testing whether Americans would abide a European style Value Added Tax is suffering the same fate as the doomed Hindenberg. The sooner this idea crashes and burns, the better. The proposed VAT would be added on top of the badly broken income tax, increasing American’s tax burden and hiding even more federal taxes from plain sight. Yet another hidden federal tax would take the nation in exactly the wrong direction. There is, however, a consumption tax that restores the proper relationship between citizen and government, brings about a new era of American economic growth and cuts the Gordian knot of complexity, unfairness and damage to our economy caused by our own tax system. Continue reading
Making Big Business Pay Their Fair Share of Taxes
In some parts of the world the bribe to gain government favor is both a common and illegal transaction. Here in the United States, it is has been codified and made not only legal but the basis of a thriving business inside Washington’s beltway. More than half of the two and half billion dollars spent annually on lobbying in Washington is spent in pursuit of “favors” in the income tax code. Hey, it’s the cost of doing business in the USA. Continue reading
We call it the Fair Tax – not the Perfect Tax
By Adam Graham Recently on his radio program, Hugh Hewitt raised two objections to the National Retail Sales Tax (i.e. the Fair Tax.) That it would eliminate the charitable giving tax deduction and would eliminate the tax deduction on home … Continue reading
