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Dear Secretary Snow; Give the Fair Tax a Fair Chance
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By John Thomas
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I understand that there is an enormous inertia in the presenttax system. The incremental complication of the tax code overthe last 80 years has given birth to an entire industry that isfully capable of defending their turf. These are challengingtimes. The American people are equally unhappy with thisadministration and the Democratic opposition over the handlingof the war in Iraq. There has been a lack of planning, and opendiscussion that has led to a breakdown in communication. Whilewe wrestle with the war, we grow even more cynical about thepower of special interests and the remoteness of Washington. Ibelieve the President should support HR 25 and help enact theFair Tax initiative for the good of the nation. It would be agolden opportunity to act decisively to fix an antique that is adrag on the whole economy. It would be benefit most of thepeople - a rare opportunity to do good. In true wishy-washystyle, the President's Tax Advisory Panel ignored considerableresearch and grossly misstated the potential effects of the FairTax. Committees frequently fail to provide clear and decisiverecommendations. They prefer to pander to the lobby and avoidrisks rather than seek the best available solution and advisethe President on managing risks associated with change.
If you look at the risks associated with doing nothing, they arestaggering. President Bush formed the Tax Advisory Panel becausehe was seeking breakthrough thinking and a plan to promotesimplicity, fairness, and transparency. The Panel failed, butthe President need not. The Fair Tax replaces all federal incomeand payroll taxes with a revenue neutral, 23% national salestax. It is inherently fair because it taxes consumption. Themore you spend the more you are taxed - that simple. I urge youand the Treasury Department to offer offer creative alternativesto the President including the Fair Tax, since the Fair Tax willenergize the American economy and engage the American people. Itwill also enhance the President's legacy, since it will take aman of vision to unite the country and deliver true tax reform.
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