Tax Reform Hearing Took Center Stage on Capitol Hill This Week
Tax Reform Hearing Took Center Stage on Capitol Hill This Week
Fundamental tax reform took center stage on Capitol Hill this week, and as always, I was eager to have the conversation. I was privileged to testify on the FairTax before the Ways and Means Subcommittee on Tax Policy, as well as share the good news with Ways and Means Committee Chairman Kevin Brady’s Tax Reform Idea Task Force. What some may not know is that there’s a great deal of consensus in Washington and across the country that America desperately needs fundamental tax reform – in particular, reform that is consumption-based. It’s that consensus that leads us to these vital conversations and ultimately to implementing the lasting solutions we need.
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20160325-FTX-Newsletter-14071
Chairman's Report – March 25, 2016
Chairman's Report – March 25, 2016
Congressman Woodall’s excellent report explains that The Ways And Means Committee Members are much more interested in how consumption taxes can work and why they work ... READ MORE
Consumption taxes on the rise
Consumption taxes on the rise
Nearly 1,050 days since the start of the IRS scandal triggered by allegations that the IRS unlawfully and unethically targeted tea party and other conservative organizations for special scrutiny READ MORE
20160325-FTX-Newsletter-14071
Corporate Income Tax burden swamps Individual Income tax burden for Low- and Middle-income families.
FAIRtax
Corporate Income Tax burden swamps Individual Income tax burden for Low- and Middle-income families.
Most people can easily see the advantages of replacing the personal income tax and employee payroll taxes with a national sales tax like the FAIRtax: no more income tax withholding and payroll tax deductions taken out of their paychecks, no more filing of annual tax returns, no need to hire a professional tax preparer, no more onerous record keeping, and so on. The advantages of the FAIRtax also repealing corporate income taxes and employer payroll taxes, on the other hand, are not so obvious. Some question the giving of a tax break to business. After all, business should pay its fair share of taxes.
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Sixth Circuit loses patience with the IRS
Washington Post
Sixth Circuit loses patience with the IRS
Nearly 1,050 days since the start of the IRS scandal triggered by allegations that the IRS unlawfully and unethically targeted tea party and other conservative organizations for special scrutiny
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