Chairman's Report

This week's Chairman's Report was guest written by former Congressman John Linder. Linder was the original sponsor of the FAIRtax in Congress and remains active in the effort to get it passed. He offers an insider's perspective on why the elites in DC are so adamantly opposed to the FAIRtax.

Rent seeking is an economic concept that's been around since the 18th century. It explains why DC has been so resistant to replacing the income/payroll tax system with the FAIRtax. Today, rent seeking involves obtaining economic wealth or opportunity from government payments without exchanging anything of value. Much of modern day rent seeking is aimed at the federal income tax code. The DC denizens want to keep it that way, but we the people need to rise up and demand the FAIRtax.

Many enemies of the FAIRtax seem to have adopted the above slogan which came from one of history's most notorious figures. In attacking the FAIRtax, they ignore a myriad of really serious problems with the income/payroll tax. They want to convince you that the FAIRtax is fatally flawed while glossing over how grossly unfair, complicated and unstable the income tax is. Check it all out in this week's Chairman's Report.

This week's Chairman's Report is a reprint of an article written by Dr. Karen Walby detailing the top ten reasons why Democrats should support the FAIRtax.

For decades, the elites in DC have been using sleight of hand to hide a significant portion of our federal tax burden from us. With the costs of the income/payroll tax system embedded in the prices of everything we buy, we're paying a good chunk of somebody else's taxes and don't even realize it. It's time for a system that shows the American people the true cost of their government. It's time for the FAIRtax.

A recent article in the Wall Street Journal looked at the probability of your tax return being audited by the IRS. While the number of audits compared to the number of returns is rather small, the hassle, aggravation, expense and stress of being audited can be extreme for the unlucky few. There's a better way to do this. With the FAIRtax, the audit rate is zero because there is no more IRS.

This week's Chairman's Report is a reprint of an article written by Dr. Robert Genetski and published in the Epoch Times. It's no surprise that Dr. Genetski sees the FAIRtax as vastly superior to the income tax.

In this week's Chairman's Report, Steve Hayes shares an article written by noted economist Steve Moore, who has just become a member of the Advisory Board of Americans For Fair Taxation. He says there's only one way to deal with the IRS--lop off its head by replacing the income tax with the FAIRtax.

A new study from the Peter G Peterson Foundation draws some astounding conclusions about how effective the massive increase in the IRS's budget will actually be in reducing tax evasion. Check it out in this week's Chairman's Report.

This week's Chairman's Report was guest written by John Linder. John was the original sponsor of the FAIRtax when it was first introduced into Congress in 1999. He was once a flat tax supporter, but now believes that the FAIRtax is the best way to go.