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Obama Administration opposes

maldonison posted a bulletin Sun Mar 14 04:25:49 -0700 2010 2 comments
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maldonison Sun Mar 14 04:25:49 -0700 2010

great news
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maldonison Sun Mar 14 04:26:20 -0700 2010

i read your post this i sreally great and nice.

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shomas posted a bulletin Thu Mar 11 20:44:26 -0800 2010 1 comment
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shomas (endorses) Thu Mar 11 20:44:26 -0800 2010

April 15th Countdown

Tax day is just around the corner, and FairTaxers across the country will be busy spreading the word about real tax reform. But the real noise will be in Washington, DC: home to all the lobbyists and politicians that got us in this mess to begin with. FairTax.org, FairTax Nation, and countless other reform-minded organizations and citizens will be there in person to make sure the message is delivered loud-and-clear…
The FairTax will be just one of many citizen-delivered messages on April 15th, so we need your help to make sure our voice rises above the rest. Here’s what you can do:

Show up! At 9:00 am on April 15th, we’re meeting on the south lawn of the Capitol to commence our Storm The Hill rally. Ken Hoagland, Neal Boortz and many more will be on hand to get the troops fired up before they go in person to see their Representatives.

Whatever you do, make sure you spend tax day spreading the word on FairTax. Together, we will enact the greatest economic reform in US history!
Obama Administration opposed at priority #294 Wed Feb 18 13:42:43 -0800 2009 6 comments
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Obama Administration (opposes) Wed Feb 18 13:45:30 -0800 2009

6/9/2008:
“Thank you for contacting me to express your support for the idea of a fair tax. I appreciate the understandable frustration many Americans face with our tax system. The American tax system has grown increasingly complex, inefficient, and unfair, and its impact falls particularly hard on middle income taxpayers. It is no wonder that the notion of a simplified “flat tax”? or a bill calling for a “fair tax”? has considerable appeal.

“S.1025 would repeal the income, employment, estate, and gift taxes, while also eliminating the Internal Revenue Service after fiscal year 2011. It would establish a 23% national sales tax in the place of the existing tax system, effective in 2009.

“My concern with this approach is that while it would reduce taxes for wealthier Americans, it would not help to improve tax fairness but would significantly worsen the federal deficit, which is already at an historic high. Furthermore, if the tax rate were set at the level required to mitigate the damage to America’s fiscal situation, the result would be a higher effective tax burden for people least able to afford it, particularly lower income families and the traditional middle class. That is the complication with this idea.

“There are tax reform approaches that achieve some of the goals of the “fair tax” while also avoiding increases in the federal deficit or adversely impacting those least able to afford it. For example, I am intrigued by a “fair” tax proposal introduced by Senator Ron Wyden that builds on former President Reagan’s tax reform of 1986 by collapsing the current six rates to three and taxing all income, whether from wages or interest and dividends, at the same rates. The Wyden proposal also streamlines deductions while making sure that lower income and working class taxpayers get breaks as significant, proportionately, as those received by rich taxpayers.

“Americans need tax reform, and I believe we can accomplish it. Our goal should be a tax system that is simple, easy to comply with, devoid of abusive shelters and loopholes, progressive, and fiscally responsible. Rates should be as low as we can afford, and we need to promote national savings and investments in America’s long-term economic competitiveness. I look forward to working with my colleagues on the Senate Committee on Finance to achieve those objectives.

“I respect that we may disagree on this issue today. But the stakes in this debate, for each of us, our children and indeed the country, are high. Therefore, I will continue to consider a potential fair tax and similar concepts to see how they would work in practice. I encourage you to do the same. Neither of us is interested in making a bad situation worse by implementing an innovative yet problematic proposal. With that perspective, I encourage you to continue communicating your opinions and concerns, on this or any other issue.

“Robert, thank you again for writing and please stay in touch in the future.”

Sincerely,

Barack Obama
United States Senator

http://linderfairtax.house.gov/index.cfm?FuseAction=Letters.View&ContentRecord_id=313
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DougW (endorses) Sat Feb 27 06:59:34 -0800 2010

Mr President,

Please take the time to read “The Fair Tax Book” by Neal Boortz and Congressman John Linder, it is 10% the size of the health care bill now being considered (204 pages), and I’m sure much easier to read than the health care bill. Also, please review the counter arguments referenced above by mhalavo. After reviewing this information, I am certain you will change your mind on this very important issue!
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Okie (endorses) Sun Feb 28 19:47:03 -0800 2010

Sorry Doug, youv’e probably noticed by now that Mr. President really cares very little about OUR, the american peoples betterment. Even if he did come out to support the Fair Tax, we sure enough better be watching his other hand.
supersajin posted a bulletin Thu Feb 18 18:31:12 -0800 2010 3 comments
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supersajin (endorses) Thu Feb 18 18:31:12 -0800 2010

Do you believe the fair tax/flat tax/consumption tax will be on the table for the Presidents Commission? It better be in my opnion!
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DougW (endorses) Sat Feb 20 07:29:57 -0800 2010

We can only hope! But please don’t hold your breath.
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shomas (endorses) Sun Feb 21 10:10:57 -0800 2010

If Obama is truly open to looking at ways to improve the economy he and other politicians should definitely look at the FairTax.
shomas posted a bulletin Sun Feb 21 10:08:56 -0800 2010 1 comment
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shomas (endorses) Sun Feb 21 10:08:56 -0800 2010

Fairtax supporters, you may be interested in joining http://www.onlinetaxrevolt.com/march/ .

The Online Tax Revolt is open to every American who believes taxes and spending are out of control, harmful to our country and a threat to our nation’s future,” said Campaign Chairman Ken Hoagland. “Our economic future and that of future generations is at stake. We need taxes that are lower and a tax structure that’s fair.
“We’re in serious trouble and it falls to us to get the nation back on track. This march is a wake-up call to everyone in Washington that the American people won’t be ignored any longer,” said Mr. Hoagland.

JOIN THE REVOLT!
shomas posted a bulletin Wed Oct 14 06:29:49 -0700 2009 8 comments
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shomas (endorses) Mon Nov 09 01:31:45 -0800 2009

If today I start a painting business, I may pay $20 dollar for a paint brush and $80 for a ladder. At the end of the year I can deduct the $100 cost of the paint brush and ladder from my taxable income. While my up front capital cost may be $100, those deductions may save me from paying $22 in taxes for a net cost of $78 after tax deductions.

Under the fairtax I may buy that same paint brush and ladder, with out the cost of embedded “income, corporate income, capital gains, payroll, and other taxes” for about $78 or 22% less then under the income tax

Either way the net cost is about $78, but under the income tax, initial capital outlay is higher, making it more difficult to start and run a business.
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shomas (endorses) Mon Feb 15 00:36:23 -0800 2010

ngwkoop
If you want to work hard, under the fairtax you can start and run your business easer. You would not need to come up with $100 for your ladder and paint brush just to save $23 in income taxes, you would only need $77 under the fairtax.

If your in debt and want to get out. then under the fairtax just buy less placing yourself in a lower effective tax bracket for that month allowing you to pay off your debts faster. Once out of debt you will have more purchasing power from your income then you had when you were in debt, effectively paying a higher rate because your buying more.

The rich man that only spent 10% of his income this month will spend it latter on, with a higher effective rate. At death, he may even pass a good portion of it to his heirs. When they spend it, they’ll pay a higher effective rate then if they had spent only their own income.

In the mean time that rich man that risked his money in an investment with the company your working at covered the payroll, was spent on advertising to reach new markets, and was spent on tools that increased your productivity in order to keep your job hear in America.

Do you really want an income tax to suppress those activities?
Under the fairtax. The rich man pays taxes when he spends his money on himself. Until then his money is benefiting society.
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Okie (endorses) Mon Feb 15 18:58:27 -0800 2010

Best Fair Tax qoute I’ve heard yet, “Under the fairtax. The rich man pays taxes when he spends his money on himself. Until then his money is benefiting society.”
jgh1979 opposed at priority #1 Thu Jan 21 11:23:28 -0800 2010 2 comments
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H. Evers (endorses) Wed Feb 10 12:29:19 -0800 2010

Have you ever read the Fair Tax Bill? http://www.fairtax.org/site/PageServer
Could you explain your opposition to such an effective solution to our ridiculous tax code?

H. Evers
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Okie (endorses) Thu Feb 11 19:45:50 -0800 2010

I was delighted to find out the other day that my own dad supports the Fair Tax. And he doesn’t even have a computer. The word is definately getting out.
ngwkoop opposed at priority #1 Mon Feb 08 19:04:57 -0800 2010 1 comment
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H. Evers (endorses) Wed Feb 10 12:07:58 -0800 2010

May one ask why you oppose this initiative?

http://www.fairtax.org/site/PageServer

H. Evers
Okie posted a bulletin Tue Feb 02 19:16:32 -0800 2010 1 comment
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Okie (endorses) Tue Feb 02 19:16:32 -0800 2010

“We need true tax reform that will at least make a start toward restoring for our children the American Dream that wealth is denied to no one, that each individual has the right to fly as high as his strength and ability will take him… But we cannot have such reform while our tax policy is engineered by people who view the tax as a means of achieving changes in our social structure.”

President Ronald Reagan
pegwinn posted a bulletin Thu Jul 30 05:54:03 -0700 2009 3 comments
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pegwinn (endorses) Thu Jul 30 05:54:04 -0700 2009

The short version is that there is no charity deductions. But, since you will not be penalized for making money there is a great chance you may donate even more. Remember, the tax is on what you spend not what you receive. IF the charity is frugal they will be fine.
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Okie (endorses) Mon Nov 23 16:50:30 -0800 2009

Tax deductions didn’t create charitable donations and the eliminating of tax deductions won’t end charitable donations.

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