"Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has." - Margaret Mead
Weekly Feature To say the least, it's been an incredible week of recognition for the FairTax movement. No less than three TV news shows discussed the impact of the FairTax, multiple columns ran across the nation and a volunteer booked a FairTax spokesman on the Fox Business Network by starting a FairTax conversation on Facebook!
Look at how far we've come! Take the 2000 and 2004 Presidential campaigns for example, where no one even mentioned the FairTax. But by 2008, seven candidates running for the office voiced their support for the FairTax legislation. CNN even demonstrated that Americans liked what they heard! In the most recent elections the FairTax was a nationally recognized issue in dozens of races and won big.
The research backing our claims has been relevant to our economy from the beginning. The FairTax bill in Congress hasn't changed even as political control has dramatically shifted. The trends are going our way but what's made this all happen? Your efforts. FairTax volunteers carried on through it all and now we can look back and enjoy our successes.
So stay engaged with all the tools we have on FairTax.org and plug into local efforts by contacting a volunteer leader in your area. We're more organized, more hopeful and more determined to change Washington with our message than ever before but we need all FairTaxers in this fight.
Thank you!
P.S. This explanation of world trade and the FairTax is the best we've seen in a long time and is a must watch! The Fox Business Network even put up a graphic that identified Congressman Bilbray as a co-sponsor of the Fair Tax Act.
| | Grassroots Spotlight: Volunteers Individual efforts have been absolutely key this week. Here are two examples.
On Wednesday's nationally syndicated Laura Ingraham show, she talked about a national sales tax. Doug Friedrichsen, a volunteer leader in Louisiana, was able to call in and educate her about the FairTax. Later, her website had a poll between a flat income tax, the FairTax and our current system. The FairTax was 30 points behind until a post on our Facebook Fan page prompted hundreds of supporters to take action and the FairTax won by 30%!
Thursday, our volunteer Indiana State Director, Danny Higgins, heard that Eric Bolling of Follow the Money on the Fox Business Network had misspoke about the FairTax. Danny found his Facebook page, politely corrected him and linked to a FairTax video. Then Eric responded! Danny asked if he'd like to have a spokesman on his show and within four hours we were filming for it! Look for that video next week.
Is someone your FairTax inspiration? Nominate a volunteer to be in the spotlight by sending an email to info@fairtax.org with "Grassroots Spotlight" in the subject line.
FairTax in the News Nothing Certain Except Death and a FairTax - Chuck Norris
If America ever needed economic stability, it is now. And that is why I'm espousing that we advance on our new representatives to address the one thing that could stabilize and rebuild our economy: tax reform (or, even better, replacement)...
It's time we had a system through which people don't have to figure out ways to cheat in order to save their money. As my friend Mike Huckabee says, "the FairTax is a completely transparent tax system. It doesn't increase taxes. It's revenue-neutral. But here's what it will do: It will bring business back to the United States that is leaving our shores because our tax laws make it impossible for an American-based business to compete. ... The FairTax was designed by economists from Harvard and Stanford and some of the leading think tanks across the country."...
To put it simply, our representatives need to answer today the question Thomas Jefferson asked at the dawn of our republic: "Would it not be better to simplify the system of taxation rather than to spread it over such a variety of subjects and pass the money through so many new hands?"...
Tax Factor Is Key to Making Investment Decisions - MoneyNews.com
I usually hear about some great investment ideas while relaxing with a few colleagues over cocktails.
The regale me with their latest enticing investment strategy that will generate just a bit of a higher rate of return. What I don't usually hear about is whether this return will be after tax...
To be accurate, some in Congress have been pushing a tax system based on cash for years. The Fair Tax Act 2007, for example, did provide a laundry list of why the current income-tax system must be repealed. But this is not going to get very far unless those in Congress change the rules of how they raise money for elections from lobbyists.
The income system, designed for an economy that no longer exists, is perhaps, too great a political cash cow for it to be abandoned in favor of something that raises fewer campaign contributions — even if that might actually save the economy of the United States.
Understanding the FairTax Webinar
Special Topic: How the opposition demagogues the FairTax and how to overcome it
When: Tuesday November 23, 2010
Time: 8 p.m. Eastern, 7 p.m. Central, 6 p.m. Mountain, 5 p.m. Pacific
Where: At your personal computer wherever you are.
Why: To provide an interactive forum for people who cannot get to local meetings to learn about the FairTax and to present special topics that are frequently misunderstood or not generally discussed. With elections over, we must concentrate on getting FairTax supporters to push our congressmen and U.S. Senators to co-sponsor our legislation.
Who: Join Marc Manieri, Americans for Fair Taxation Community Coordinator in the Greater Orlando, Florida area. In their second year now, Marc's webinars draw national participation from seasoned FairTax supporters as well as those just getting introduced to the FairTax.
Join: To participate, register here. You will receive a confirmation email with instructions for signing in at the time of the webinar and be asked to download GoToWebinar software. For more information contact Larry Walters at repeal_16@earthlink.net.
| | | Did You Know? Scholarly research tells us:
- Real wages are 10.3 percent, 9.5 percent, and 9.2 percent higher in years 1, 10, and 25, respectively than would otherwise be the case. [3]
- Disposable personal income is higher than if the current tax system remains in place: 1.7 percent in year 1, 8.7 percent in year 5, and 11.8 percent in year 10. [4]
- The economy as measured by GDP is 2.4 percent higher in the first year and 11.3 percent higher by the 10th year than it would otherwise be. [4]
- Over time, the FairTax benefits all income groups. Of 42 household types (classified by income, marital status, age), all have lower average remaining lifetime tax rates under the FairTax than they would experience under the current tax system. [5]
- Implementing the FairTax at a 23 percent rate gives the poorest members of the generation born in 1990 a 13.5 percent improvement in economic well-being; their middle class and rich contemporaries experience a 5 percent and 2 percent improvement, respectively. [6]
- Based on standard measures of tax burden, the FairTax is more progressive than the individual income tax, payroll tax, and the corporate income tax. [7]
- Charitable giving increases by $2.1 billion (about 1 percent) in the first year over what it would be if the current system remained in place, by 2.4 percent in year 10, and by 5 percent in year 20. [8]
- The FairTax provides the equivalent of a supercharged mortgage interest deduction, reducing the true cost of buying a home by 19 percent. [10]
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