Georgia Representative John Linder (R), first introduced the FairTax Bill in July 1999 to the 106th United States Congress and has reintroduced the bill in each subsequent session of Congress. There has been no difference in any form of the FairTax legislation since it was originally filed in the 106th Congress as HR 2525, except for the dates (when it was submitted to each Congress, when it would take effect, etc.). The bill has seen the most support in the 108th and 109th sessions of Congress, attracting more cosponsors than any other fundamental tax reform bill introduced in the House of Representatives.
The FairTax legislation was introduced in 2003 to the 108th Congress with cosponsor Democrat, Collin Peterson of Minnesota and gathered 56 cosponsors. The bill did not move past the U.S. House Committee on Ways and Means. The Senate bill sponsored by Republican Senator Saxby Chambliss, with Democrat cosponsor Senator Zell Miller, never moved past the U.S. Senate Committee on Finance.
The FairTax legislation was introduced in 2005 to the 109th United States Congress as H.R. 25 in the House of Representatives and as S. 25 in the Senate. Its formal name is the Fair Tax Act of 2005. John Linder remains the bill's primary sponsor, and former House Majority Leader Tom DeLay and Speaker of the House Dennis Hastert support the bill. The Senate bill is sponsored by Republican Senator Saxby Chambliss of Georgia. On June 19, 2006, the legislation had 58 cosponsors in the House and Senate. In comparison with other U.S. tax reform proposals, the nearest competitor is the Flat tax H.R. 1040 sponsored by Texas Representative Michael C. Burgess (R) with 5 cosponsors.
For the 2008 U.S. presidential election, Republican candidates John H. Cox and Michael Charles Smith along with Democrat candidate Mike Gravel promote replacing the current tax system with the FairTax. It has also been included in the Libertarian Reform Caucus's platform for taxation.
2006-06-22 02:44:52
·
answer #1
·
answered by MesquiteGal 4
·
0⤊
0⤋
What do you mean by a fair tax plan? Do you mean flat tax? If you meant flat tax, the reason we don't have it is special interest groups that have their own sweetheart deals in the tax code. They will fight any reform tooth and nail to protect their tax breaks.
2006-06-22 02:28:32
·
answer #2
·
answered by Anonymous
·
0⤊
0⤋
Lobby groups, special interest, the fact that, as Neal Boortz says, if we do away with the IRS we do away with most of government's control over our money....these things are road blocks to the fair tax.
For those who don't know, visit fairtax.org and learn more.
Call, email, and snail mail your elected officials.
2006-06-22 03:19:27
·
answer #3
·
answered by kelly24592 5
·
0⤊
0⤋
I didn't know a "fair" tax plan existed. If the government is involved, you can bet it isn't fair!!
2006-06-22 02:28:35
·
answer #4
·
answered by rockinout 4
·
0⤊
0⤋
with the aid of fact a sales tax punishes adverse people and the government won't in any respect try this, truly with a liberal white domicile and the two homes of congress liberal. because it stands, a family contributors of four with $24000 of income pays no income tax and actually gets all of their withholdings back plus an earned income credit of $3090 and one extra baby tax credit of $2000. In different words, they get all of their withholdings back plus over $5000 extra. under your intake tax, they could pay tax on each and every a sort of 24000 money plus they does not get that extra $5000 tacked on. you may experience that they are not entitled to a loose journey plus $5000, yet that must be considering the fact which you under no circumstances had to attempt to develop a family contributors on $24000. good now they do it on $29090. you have them attempting to do it on $21600 (assuming a ten% sales tax). sturdy success elevating those teenagers on that. I agree that filling the tax hollow could be great. no longer in user-friendly terms each and all of the unlawful aliens paying tax, yet in addition those working for money or making different undocumented money. yet you ought to locate a plan that doesn't starve working people who ensue to be in low paying jobs.
2016-10-31 07:13:56
·
answer #5
·
answered by ? 4
·
0⤊
0⤋