Thursday, January 6, 2011

H.R. 25



Congressman John Linder (R-GA-07) has retired, but the FairTax bill has been re-introduced by his friend Congressman Rob Woodall (R-GA-07), for the 112th Congress. As usual, it is H.R. 25, and has a record number of co-sponsors.

Check the above link and find out if your own congressman is a co-sponsor.

The FairTax legislation eliminates the current income tax paradigm and replaces it with a system of taxation based on consumption.  The bill was introduced on Wednesday with 47 original co-sponsors—the most original co-sponsors the bill has ever had for its initial introduction.

[…]

"Our current tax system is a bloated, convoluted mess that gives government power over Americans' pockets.  With 47 members of Congress and counting signing their names to the FairTax, we are closer than ever before to voting on legislation that eliminates the frustrating mess that is the IRS."

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