This is a petition to be sent to Washington D.C. to show our disapproval of the current 70,000 page tax code, and our approval of the Fairtax. Our current system is preventing job growth and economic prosperity, all because a few elites in Washington wouldn't dare make a change that would benefit everyone but them. When this bill is passed and signed into law, MILLIONS of jobs will be created almost instantly, and millions more will be coming home after being sent overseas. Businesses will prosper, and our citizens will have unheard of success. Nearly 25% percent of our lawmakers support a bill like this, and if we petition hard enough, we will be able to win over even more! This tax code will not only ease our own lives, but it will force immigrants to pay taxes, 50 million tourists every year will pay taxes, and our criminals will pay taxes. We lose billions every year to the "underground" economy; but we won't under this plan. America is in a time of crisis with two wars and a declining economy. The time for change is now. This is a call for revolution, to revolutionize our system. Only through your own action will this country change. You cannot sit back and watch corrupt government officials run our country into the ground. Take action, take a stand. Now is our time!
We the undersigned, have taken great time and effort to put together this petition to send to every congressperson's office. I sincerely thank you for taking time to read this. The issue at hand is the Fairtax. It is a bill that has been introduced multiple times but hardly gets past the committees. As you can see, thousands of Americans do not want to settle for this. We urge you to express your support for the Fairtax to your constituents, and to your colleagues on Capitol Hill. I have included a letter from many major economists from across the country. Again I thank you for reading this.
An Open Letter to the President, the Congress, and the American people Concerning Reform of the Federal Tax Code Dear Mr.
President, Members of Congress, and Fellow Americans,
We, the undersigned business and university economists, welcome and applaud the ongoing initiative to reform the federal tax code. We urge the
President and the Congress to work together in good faith to pass and sign into federal law H.R. 25 and S. 25, which together call for:
%u2022 Eliminating all federal income taxes for individuals and corporations,
%u2022 Eliminating all federal payroll withholding taxes,
%u2022 Abolishing estate and capital gains taxes, and
%u2022 Repealing the 16th Amendment
We are not calling for elimination of federal taxation, which would be irresponsible and undesirable. Nor does our endorsement call for reduced federal spending. The tax reform plan we endorse is revenue neutral, collecting as much federal tax revenue as the current income tax code, including payroll withholding taxes. We are calling for elimination of federal income taxes and federal payroll withholding taxes. We endorse replacing these costly, oppressively complex, and economically inefficient taxes with a progressive national retail sales tax, such as the tax plan offered by H.R. 25 and S. 25 %u2013 which is also known as the
FairTax Plan. The
FairTax Plan has been introduced in the 109 th Congress and had 54 co-sponsors in the 108 th Congress. If passed and signed into law, the
FairTax Plan would:
%u2022 Enable workers and retirees to receive 100% of their paychecks and pension benefits,
%u2022 Replace all federal income and payroll taxes with a simple, progressive, visible, efficiently collected national retail sales tax, which would be levied on the final sale of newly produced goods and services,
%u2022 Rebate to all households each month the federal sales tax they pay on basic necessities, up to an independently determined level of spending (a.k.a., the poverty level, as determined by the Department of Health and Human Services), which removes the burden of federal taxation on the poor and makes the
FairTax Plan as progressive as the current tax code, %u2022 Collect the national sales tax at the retail cash register, just as 45 states already do,
%u2022 Set a federal sales tax rate that is revenue neutral, thereby raising the same amount of tax revenue as now raised by federal income taxes plus payroll withholding taxes,
%u2022 Continue Social Security and Medicare benefits as provided by law; only the means of tax collection changes,
%u2022 Eliminate all filing of individual federal tax returns,
%u2022 Eliminate the IRS and all audits of individual taxpayers; only audits of retailers would be needed, greatly reducing the cost of enforcing the federal tax code,
%u2022 Allow states the option of collecting the national retail sales tax, in return for a fee, along with their state and local sales taxes,
%u2022 Collect federal sales tax from every retail consumer in the country, whether citizen or undocumented alien, which will enlarge the federal tax base,
%u2022 Collect federal sales tax on all consumption spending on new final goods and services, whether the dollars used to finance the spending are generated legally, illegally, or in the huge %u201Cunderground economy,%u201D
%u2022 Dramatically reduce federal tax compliance costs paid by businesses, which are now embedded and hidden in retail prices, placing U.S. businesses at a disadvantage in world markets,
%u2022 Bring greater accountability and visibility to federal tax collection,
%u2022 Attract foreign equity investment to the United States, as well as encourage U.S. firms to locate new capital projects in the United States that might otherwise go abroad, and
%u2022 Not tax spending for education, since H.R. 25 and S. 25 define expenditure on education to be investment, not consumption, which will make education about half as expensive for American families as it is now. The current U.S. income tax code is widely regarded by just about everyone as unfair, complex, wasteful, confusing, and costly. Businesses and other organizations spend more than six billion hours each year complying with the federal tax code. Estimated compliance costs conservatively top $225 billion annually %u2013 costs that are ultimately embedded in retail prices paid by consumers. The Internal Revenue Code cannot simply be %u201Cfixed,%u201D which is amply demonstrated by more than 35 years of attempted tax code reform, each round resulting in yet more complexity and unrelenting, page-after-page, mind-numbing verbiage (now exceeding 54,000 pages containing more than 2.8 million words). Our nation%u2019s current income tax alters business decisions in ways that limit growth in productivity. The federal income tax also alters saving and investment decisions of households, which dramatically reduces the economy%u2019s potential for growth and job creation. Payroll withholding taxes are regressive, hitting hardest those least able to pay. Simply stated, the complexity and frequently changing rules of the federal income tax code make our country less competitive in the global economy and rob the nation of its full potential for growth and job creation. In summary, the economic benefits of the
FairTax Plan are compelling. The
FairTax Plan eliminates the tax bias against work, saving, and investment, which would lead to higher rates of economic growth, faster growth in productivity, more jobs, lower interest rates, and a higher standard of living for the American people.
The America proposed by the
FairTax Plan would feature:
%u2022 no federal income taxes,
%u2022 no payroll taxes,
%u2022 no self-employment taxes,
%u2022 no capital gains taxes,
%u2022 no gift or estate taxes,
%u2022 no alternative minimum taxes,
%u2022 no corporate taxes,
%u2022 no payroll withholding,
%u2022 no taxes on Social Security benefits or pension benefits,
%u2022 no personal tax forms,
%u2022 no personal or business income tax record keeping, and
%u2022 no personal income tax filing whatsoever.
No Internal Revenue Service; no April 15th; all gone, forever. We believe that many Americans will favor the
FairTax Plan proposed by H.R. 25 and S. 25, although some may say, %u201Cit simply can%u2019t be done.%u201D Many said the same thing to the grassroots progressives who won women the right to vote, to those who made collective bargaining a reality for union members, and to the Freedom Riders who made civil rights a reality in America.
We urge Congress not to abandon the
FairTax Plan simply because it will be difficult to face the objections of entrenched special interest groups %u2013 groups who now benefit from the complexity and tax preferences of the status quo. The comparative advantage and benefits offered by the
FairTax Plan to the vast majority of Americans is simply too high a cost to pay. Therefore, we the undersigned professional and university economists, endorse a progressive national retail sales tax plan, as provided by the
FairTax Plan. We urge Congress to make H.R. 25 and S. 25 federal law, and then to work swiftly to repeal the 16th Amendment.
Respectfully,
Donald L. Alexander Professor of Economics Western Michigan University Wayne Angell Angell Economics
Jim Araji Professor of Agricultural Economics University of Idaho
Ray Ball Graduate School of Business University of Chicago
Roger J. Beck Professor Emeritus Southern Illinois University, Carbondale John J. Bethune Kennedy Chair of Free Enterprise Barton College
David M. Brasington Louisiana State University
Jack A. Chambless Professor of Economics Valencia College
Christopher K. Coombs Louisiana State University
William J. Corcoran, Ph.D. University of Nebraska at Omaha
Eleanor D. Craig Economics Department University of Delaware
Susan Dadres, Ph.D. Department of Economics Southern Methodist University
Henry Demmert Santa Clara University
Arthur De Vany Professor Emeritus Economics and Mathematical Behavioral Sciences University of California,
Irvine Pradeep Dubey Leading Professor Center for Game Theory Dept. of Economics SUNY at Stony Brook Demissew Diro Ejara
William Paterson University of New Jersey
Patricia J. Euzent Department of Economics University of Central Florida John A. Flanders Professor of Business and Economics Central Methodist University
Richard H. Fosberg, Ph.D. William Paterson University
Gary L. French, Ph.D. Senior Vice
President Nathan Associates Inc. Professor James Frew Economics Department Willamette University
K. K. Fung University of Memphis
Satya J. Gabriel, Ph.D. Professor of Economics and Finance Mount Holyoke College
Dave Garthoff Summit College The University of Akron
Ronald D. Gilbert Associate Professor of Economics Texas Tech University Philip E. Graves Department of Economics University of Colorado
Bettina Bien Greaves, Retired Foundation for Economic Education
John Greenhut, Ph.D. Associate Professor Finance & Business Economics School of Global Management and Leadership Arizona State University Darrin V. Gulla Dept. of Economics University of Georgia
Jon Halvorson Assistant Professor of Economics Indiana University of Pennsylvania
Reza G. Hamzaee, Ph.D. Professor of Economics & Applied Decision Sciences Department of Economics Missouri Western State College
James M. Hvidding Professor of Economics Kutztown University
F. Jerry Ingram, Ph.D. Professor of Economics and Finance The University of Louisiana- Monroe
Drew Johnson Fellow Davenport Institute for Public Policy Pepperdine University
Steven J. Jordan Visiting Assistant Professor Virginia Tech Department of Economics
Richard E. Just University of Maryland
Dr. Michael S. Kaylen Associate Professor University of Missouri
David L. Kendall Professor of Economics and Finance University of Virginia's College at Wise
Peter M. Kerr Professor of Economics Southeast Missouri State University Miles Spencer Kimball Professor of Economics University of Michigan
James V. Koch Department of Economics Old Dominion University
Laurence J. Kotlikoff Professor of Economics Boston University
Edward J. López Assistant Professor University of North Texas
Franklin Lopez Tulane University
Salvador Lopez University of West Georgia
Yuri N. Maltsev, Ph.D. Professor of Economics Carthage College
Glenn MacDonald John M. Olin Distinguished Professor of Economics and Strategy Washington University in St. Louis
Dr. John Merrifield, Professor of Economics University of Texas-San Antonio
Dr. Matt Metzgar Mount Union College Carlisle Moody Department of Economics College of William and Mary
Andrew P. Morriss Galen J. Roush Professor of Business Law & Regulation Case Western Reserve University School of Law
Timothy Perri Department of Economics Appalachian State University
Mark J. Perry School of Management and Department of Economics University of Michigan-Flint
Timothy Peterson Assistant Professor Economics and Management Department Gustavus Adolphus College
Ben Pierce Central Missouri State University
Michael K. Pippenger, Ph.D. Associate Professor of Economics University of Alaska
Robert Piron Professor of Economics Oberlin College
Mattias Polborn Department of Economics University of Illinois
Joseph S. Pomykala, Ph.D. Department of Economics Towson University Barry Popkin University of North Carolina- Chapel Hill
Steven W. Rick Lecturer, University of Wisconsin Senior Economist, Credit Union National Association Paul H. Rubin
Samuel Candler Dobbs Professor of Economics & Law Department of Economics Emory Univeristy
John Ruggiero University of Dayton
Michael K. Salemi Bowman and Gordon Gray Professor of Economics University of North Carolina at Chapel Hill
Dr. Carole E. Scott Richards College of Business State University of West Georgia Carlos Seiglie Dept. of Economics Rutgers University
John Semmens Economist Phoenix College Arizona
Alan C. Shapiro Ivadelle and Theodore Johnson Professor of Banking and Finance Marshall School of Business University of Southern California
Dr. Stephen Shmanske Professor of Economics California State University, Hayward James F. Smith University of North Carolina- Chapel Hill
Vernon L. Smith Economist W. James Smith Dean of Liberal Arts and Sciences and Professor of Economics University of Colorado at Denver
John C. Soper Boler School of Business John Carroll University
Roger Spencer Professor of Economics Trinity University
Daniel A. Sumner, Director, University of California Agricultural Issues Center and the Frank H. Buck, Jr., Chair Professor, Department of Agricultural and Resource Economics, University of California,
Davis Curtis R. Taylor Professor of Economics and Business Duke University Robert Vigil Analysis Group, Inc.
John H. Wicks, Ph.D. Professor Emeritus Department of Economics University of Montana
F. Scott Wilson, Ph.D. Canisius College
Mokhlis Y. Zaki Professor of Economics Emeritus Northern Michigan University