Posted by
SoCal FairTax on Wednesday, June 04, 2008 3:34:59 PM
Another of the important objectives in an alternate tax system is that of funding our government at the current level. Many of us will question this. In fact, I fully agree that our government wastes far too much of our money. However, if we are ever going to get tax reform in our country, we need to keep income and spending legislation separate. Why? Tax reform is enough of an uphill battle without bundling spending constraints along with it. We can voice our support for the FairTax Act and, in completely separate support, voice our support for spending reform.
Even with spending at current levels, many taxpayers will experience tax relief with the FairTax for two reasons. (1) tax tax evaders (the underground economy, etc.) will immediately start sharing the burden of taxation with their common every-day purchases and (2) we will all get a simplicity dividend (hey, I like that). We will no longer be required to pay hundreds (or thousands) of dollars in annual tax compliance.
In a completely separate effort, We the People need get our politicians to curb their massive spending appetite. When we do, I would support keeping the 23% FairTax rate until we completely pay down the national debt.
To recap, it is right to be concerned about government spending… but just not in the same bill as massive tax reform.