FairTax Hearing in the House Ways and Means Committee

Did anyone happen to catch the hearing today? I meant to and got caught up in work and completely forgot. Tried searching for it on youtube, but didn't find it so if anyone knows where a video might be, please point me in the right direction.

Thanks

No surprise with the reception from the Democrats. Personally, I think the Fair Tax is the best thing since sliced bread. Especially because it would eliminate the IRS completely.

House Democrats didn’t mince words Tuesday in bashing the Fair Tax, a proposal popular in some conservative circles that would scrap federal income and payroll taxes for a national sales tax.

Proponents of the Fair Tax say it would increase transparency and better encourage saving among American workers. But Democrats on the House Ways and Means Committee, which held a hearing on consumption taxes Tuesday, offered a slew of criticisms of the plan, offering concerns about its effect on lower- and middle-class workers.

Former Arkansas Gov. Mike Huckabee (R) did tout the Fair Tax at the hearing, asserting that it would reverse inequities in the current system.

“The Fair Tax doesn’t punish people for their productivity, and it does not reward them for their irresponsibility,” Huckabee said. “And that’s the essence of it.”

thehill.com...

reply to post by pandora0629


Camp Announces Hearing on Tax Reform and Consumption-Based Tax Systems

opening statements

I think at some point video will be added to the ways and means site in addition to Cspan.

reply to post by Xcathdra


Thanks...I'll keep watching for it. I am a strong supporter of the FairTax and even though it is still a long road, I think we are gaining momentum and will get there eventually.

Love your signature line!

reply to post by pandora0629


I am a supporter of a fair tax as well.. God knows what we have now doesnt work.

Fair tax, close tax loopholes, make sure businesses dont gte exemptions....

As far as the signature line goes I borrowed it form a TV show (The West Wing courtesy of Sam). Somehow it stuck, and when reading it I think it hits the nail on the head about what we are and where our destiny lies.

Fair tax would make illegal immigrants pay the same taxes as U.S. citizens yet they would not qualify for the "prebates".

Fair tax would level the playing field for all corporations. GE would not have an advantage over other corporations and will gain no edge in their zero tax rate they currently have.

Fair tax would will eliminate the need for business to move production overseas and would put American business at even competition on the world stage.

Sorry to say but the Fair Tax plan is a huge target for mega-multinationals, leftists, elitists, and globalists. It has no chance.

reply to post by Vikus


You really threw some sunshine down on that one lol.

With everything going on in the US with debt, I could see this as a possibility.

reply to post by Vikus


I am sure tere are many special interests that have a stake in keeping the Fairtax from coming to fruition. However, I think tbe roar of the people is getting louder and i believe that we will eventualky drown them out. The 2012 election could prove a huge turning point for the US

reply to post by pandora0629


Apologies for my misspellings in the above post...I typed that on my phone without my reading glasses...lol

Originally posted by jibeho
No surprise with the reception from the Democrats. Personally, I think the Fair Tax is the best thing since sliced bread. Especially because it would eliminate the IRS completely.

What's really sad and pathetic, is that it wouldn't have to eliminate them but it keeps being shot down anyway. One argument that the Taxocrats have always given is that the loss of the IRS would put all those poor IRS terrorists out of a job and tax accountants would be begging in the streets.

But with a sales tax, there could be a consumption tax on goods bought and sold, and we could still have an income tax on businesses only (as the tax was originally) which wouldn't require starving those poor, deprived (depraved?) people.

So I wonder what excuse they're going to come up with now to make sure that everyone is unequal equally?

/TOA