Open Letter To Treasury Secretary John Snow on Tax Reform
Dear Secretary Snow,
The final report of the President's tax Reform Panel has been laid at your feet for your team's review. I hope you will give the report the same score as most Americans and Tax groups have given it - Grade F. This Failed report needs to be thrown out and a better solution presented to the President and the American People. Please correct the mistakes of the Tax Reform Panel and submit an "A" Paper of your own. The Panel's failure to properly meet the goals that the President laid down would have had Donald Trump saying, " You're Fired." They failed to study and understand the Research that supports the Fair Tax as the best Tax Reform and Replacement choice. Those that know the Facts Love the Fair Tax.
(Fair Tax Thumbnail)
In Testimony, last March Alan Greenspan gave the nod of approval to a Consumption Tax that replaced the Income tax. Last April, An Open Letter by 75 national economists to the President, Congress and to you at Treasury was sent in support of a national sales tax like the Fair Tax. A New York Times best selling book shows the support of the idea. And you should know that many National organizations also support it including; the National Tax Payers Union, Americans for Fair Taxation, American Farm Bureaus Federation, 60 Plus Association (Senior Group), Associated General Contractors; Association of American Physicians & Surgeons, National Small Business United and many more.
They support it for many reasons, but one is that it has many features that make it more than just a National Sales tax. The Fair Tax has a Prebate system that makes the plan Progressive. The Fair Tax truly untaxes the poor by eliminating the regressive payroll tax. Under the Fair Tax the Wealthy will pay more of their fair share toward supporting Social Security and Medicare because when they spend money from inherited wealth, investment wealth or from Million dollar salaries, a portion of every dollar supports Social Security and Medicare. Under the archaic Income and payroll tax code the wealthy only support Social Security and Medicare on the first $90,000 in earned wages and not a dime after or a dime from millions in investment income.
I watched the Panel's hearing On C-Span where the Fair Tax was discussed and almost summarily dismissed. The "facts" they used to discredit it were not true or not about the Fair Tax and its overwhelming positive benefits to American Families and the American Economy which are well supported by the research and data at http://www.fairtax.org/. They used worst case or false scenarios to describe a National Sales Tax but used rosy scenarios to justify their own plan.
I believe "K " Street got the better hand on the Tax Reform Panel by leaving an archaic Income Tax system in place that will let Lobbyists thrive for years to come.
The President called for Tax reform in his 2005 State of the Union but this Panel has not met the challenge he laid down.
Secretary Snow, it is up to you to lay down a bolder and better future for our economy by truly answering the President's call when he said,
"And when their recommendations are delivered, you and I will work together to give this nation a tax code that is pro-growth, easy to understand, and fair to all."
The Tax Panel did not meet that call but I am hopeful your plan will - The Fair Tax is already in full legislative form in Congress with 47 Co-Sponsors, it will be much easier to work from there than start from scratch as the Panel does. Many Congressman were waiting to support the President's plan but seeing the dead response and failing grade of the Panel's report, those Congressman are still looking for a Good plan to support and would sign on and follow the President if he supported the Fair Tax as the solution to his challenge for true tax reform as stated in his 2005 State of the Union.
The President also said, " Year after year, Americans are burdened by an archaic, incoherent federal tax code." The Panel did only tinkering on the huge incoherent tax code. Your team needs to be bolder, study the Fair Tax, check out the Rebuttal section of the web site that has detailed answers to the critics who misquote the facts, assume unfounded worst case scenarios or leave out half the math.
Read the article at Opinioneditorials.com " Where's the Beef - Tax Reform Panel Falls Short"
or read how the tax panel will hurt Home owners and how the Fair Tax will maximize Home Ownership and the Mortgage Deduction.
Tax Panel Hurts Home Owners
Fair Tax Maximizes the Mortgage Deduction
The Panel did not answer the President's call for Changing an archaic code but only tinkered with it; The Panel did not give a pro-growth tax reform package at all; The Panel did not a give an easy to understand package nor one that was fair to all.
Panel report submitted 11/01/05; Panel gets a Grade of "F". Those that Know the Facts, Love the Fair Tax (A+).
You have a chance to get it right. Talk to Congressman John Linder- let him answer all your questions and those of the K street crowd. Call the Fair Tax folks or just have your team visit the main web site or the many additional sites by supporters and Bloggers that love the Fair Tax and know its benefits. Tax Reform Fair to All
Do you really want to grow our economy? The Fair Tax will make the US a tax free zone for American Business and American Investors. You will repatriate trillions of Offshore dollars back to American Shores. Exports will boom because their is no tax on exports. Exports will be up to 20% cheaper with the elimination of Corporate income and payroll taxes. We do not have to compete with lower wage countries by lowering our manufacturing wage. We only have to lower our taxes on business and exports. This will help to stop Outsourcing to foreign countries as well. The Fair Tax is the best Economic engine you could possibly propose.
Give Every American Family A Raise. with the Fair Tax HR25/S25. Let American Families take home 100% of their paychecks and with the Fair Tax they receive a monthly check(Prebate) to cover the Sales tax on all expenses up to the Poverty line ( based on family size).
Fair Tax eliminates all income tax, payroll tax, capital gains tax, investment income taxes, estate tax, and the Alternative Minimum Tax. Let's American Workers take home 100% of their paychecks and only pay the national Sales tax on New goods and services. Most American Families will have more spendable income under the Fair Tax.
Review the Top Ten Economic Benefits of the Fair Tax and I am sure any fair minded American will see this is the best Tax Reform and Replacement Solution that truly answers the President's call for "... a tax code that is pro-growth, easy to understand, and fair to all."
Sincerely,
Merrill Bender
NY 28 Volunteer District Director
Americans For Fair Taxation
Barker, NY
merrillb@localnet.com
http://www.fairtax.org/
FAQ section -http://tinyurl.com/6lazp
Blog site: Tax Reform "Fair To All"
The final report of the President's tax Reform Panel has been laid at your feet for your team's review. I hope you will give the report the same score as most Americans and Tax groups have given it - Grade F. This Failed report needs to be thrown out and a better solution presented to the President and the American People. Please correct the mistakes of the Tax Reform Panel and submit an "A" Paper of your own. The Panel's failure to properly meet the goals that the President laid down would have had Donald Trump saying, " You're Fired." They failed to study and understand the Research that supports the Fair Tax as the best Tax Reform and Replacement choice. Those that know the Facts Love the Fair Tax.
(Fair Tax Thumbnail)
In Testimony, last March Alan Greenspan gave the nod of approval to a Consumption Tax that replaced the Income tax. Last April, An Open Letter by 75 national economists to the President, Congress and to you at Treasury was sent in support of a national sales tax like the Fair Tax. A New York Times best selling book shows the support of the idea. And you should know that many National organizations also support it including; the National Tax Payers Union, Americans for Fair Taxation, American Farm Bureaus Federation, 60 Plus Association (Senior Group), Associated General Contractors; Association of American Physicians & Surgeons, National Small Business United and many more.
They support it for many reasons, but one is that it has many features that make it more than just a National Sales tax. The Fair Tax has a Prebate system that makes the plan Progressive. The Fair Tax truly untaxes the poor by eliminating the regressive payroll tax. Under the Fair Tax the Wealthy will pay more of their fair share toward supporting Social Security and Medicare because when they spend money from inherited wealth, investment wealth or from Million dollar salaries, a portion of every dollar supports Social Security and Medicare. Under the archaic Income and payroll tax code the wealthy only support Social Security and Medicare on the first $90,000 in earned wages and not a dime after or a dime from millions in investment income.
I watched the Panel's hearing On C-Span where the Fair Tax was discussed and almost summarily dismissed. The "facts" they used to discredit it were not true or not about the Fair Tax and its overwhelming positive benefits to American Families and the American Economy which are well supported by the research and data at http://www.fairtax.org/. They used worst case or false scenarios to describe a National Sales Tax but used rosy scenarios to justify their own plan.
I believe "K " Street got the better hand on the Tax Reform Panel by leaving an archaic Income Tax system in place that will let Lobbyists thrive for years to come.
The President called for Tax reform in his 2005 State of the Union but this Panel has not met the challenge he laid down.
Secretary Snow, it is up to you to lay down a bolder and better future for our economy by truly answering the President's call when he said,
"And when their recommendations are delivered, you and I will work together to give this nation a tax code that is pro-growth, easy to understand, and fair to all."
The Tax Panel did not meet that call but I am hopeful your plan will - The Fair Tax is already in full legislative form in Congress with 47 Co-Sponsors, it will be much easier to work from there than start from scratch as the Panel does. Many Congressman were waiting to support the President's plan but seeing the dead response and failing grade of the Panel's report, those Congressman are still looking for a Good plan to support and would sign on and follow the President if he supported the Fair Tax as the solution to his challenge for true tax reform as stated in his 2005 State of the Union.
The President also said, " Year after year, Americans are burdened by an archaic, incoherent federal tax code." The Panel did only tinkering on the huge incoherent tax code. Your team needs to be bolder, study the Fair Tax, check out the Rebuttal section of the web site that has detailed answers to the critics who misquote the facts, assume unfounded worst case scenarios or leave out half the math.
Read the article at Opinioneditorials.com " Where's the Beef - Tax Reform Panel Falls Short"
or read how the tax panel will hurt Home owners and how the Fair Tax will maximize Home Ownership and the Mortgage Deduction.
Tax Panel Hurts Home Owners
Fair Tax Maximizes the Mortgage Deduction
The Panel did not answer the President's call for Changing an archaic code but only tinkered with it; The Panel did not give a pro-growth tax reform package at all; The Panel did not a give an easy to understand package nor one that was fair to all.
Panel report submitted 11/01/05; Panel gets a Grade of "F". Those that Know the Facts, Love the Fair Tax (A+).
You have a chance to get it right. Talk to Congressman John Linder- let him answer all your questions and those of the K street crowd. Call the Fair Tax folks or just have your team visit the main web site or the many additional sites by supporters and Bloggers that love the Fair Tax and know its benefits. Tax Reform Fair to All
Do you really want to grow our economy? The Fair Tax will make the US a tax free zone for American Business and American Investors. You will repatriate trillions of Offshore dollars back to American Shores. Exports will boom because their is no tax on exports. Exports will be up to 20% cheaper with the elimination of Corporate income and payroll taxes. We do not have to compete with lower wage countries by lowering our manufacturing wage. We only have to lower our taxes on business and exports. This will help to stop Outsourcing to foreign countries as well. The Fair Tax is the best Economic engine you could possibly propose.
Give Every American Family A Raise. with the Fair Tax HR25/S25. Let American Families take home 100% of their paychecks and with the Fair Tax they receive a monthly check(Prebate) to cover the Sales tax on all expenses up to the Poverty line ( based on family size).
Fair Tax eliminates all income tax, payroll tax, capital gains tax, investment income taxes, estate tax, and the Alternative Minimum Tax. Let's American Workers take home 100% of their paychecks and only pay the national Sales tax on New goods and services. Most American Families will have more spendable income under the Fair Tax.
Review the Top Ten Economic Benefits of the Fair Tax and I am sure any fair minded American will see this is the best Tax Reform and Replacement Solution that truly answers the President's call for "... a tax code that is pro-growth, easy to understand, and fair to all."
Sincerely,
Merrill Bender
NY 28 Volunteer District Director
Americans For Fair Taxation
Barker, NY
merrillb@localnet.com
http://www.fairtax.org/
FAQ section -http://tinyurl.com/6lazp
Blog site: Tax Reform "Fair To All"
posted by Merrill Bender | 7:23 AM
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home