Skip to main content

The Fair Tax is " Family Friendly Tax Reform "

For Latinos that rely on every dollar they make to support their families, this sounds great! I lived in FL for many years, and I will tell you, now that I live in CO, I hate seeing my hard earned income get hit twice--once by the Feds, and a second time by the State. Merrill Bender wrote this over at RedState.org, and it's worth passing on. He does a great job comparing it to Forbes flat tax idea, which I no longer support!
The Fair Tax package eliminates all Personal and Business income taxes, payroll taxes, AMT, and Death taxes. Due to these eliminations, prices will drop 22 to 25% and then the Fair Tax replaces them all with a revenue neutral federal retail sales tax on new products and services. Consumers will pay about the same as they do now.

American business and American labor should take strong note of the fact that exports are not taxed; thus the Fair Tax will provide a boom to American manufacturing because American products will be 22% lower in price for sale overseas. We can't compete with low wage countries but we can compete with lower taxes on business, products and services made in America. The result is a boom to the economy and a boom to better paying manufacturing jobs in America.
Check out the Fair Tax Reform blog and Bender's post titled, Give Every American Family A Raise.

Comments

Popular posts from this blog

Al Cardenas Comments on Univision Democrat Forum

Al Cardenas is Chairman of Romney for President's Hispanic Steering Committee. I got the following email from the campaign. Boston, MA – Al Cardenas, the Chairman of Romney for President's National Hispanic Steering Committee, issued the following statement regarding tonight's Democrat presidential forum on Univision: "Tonight's Univision forum demonstrated once again the consequences that a President Clinton, President Obama or President Edwards would have on the Hispanic community.  Whether it's tax increases for families and the two million Hispanic business owners, socialist-style health care, coddling dictators, opposing free trade with our allies or putting family values last, the Democrat presidential candidates made clear how out of sync their policies are with the best interests of the Hispanic community. Mitt Romney has put in the effort to reach out to this vital bloc, and, after watching tonight's debate

Harry Potter Mania -- Discussion

There is a great discussion going on at WorldMagBlog on the whole Harry Potter mania. Nothing to do with Latinos, I suppose, but I thought I would ad my two cents. A reader commented: I think its interesting how much people want to be in a group that is all connected by some common thread. It says a lot about our desire for homogeny, not always along racial, sexual or religious lines, but also simply based on what we do in our spare time. The interesting thing about Harry Potter fans vs. Star Trek fans is that a vast majority of them are kids who have grown up with the books, or the parents of said kids. I wonder if what sort of effects this will have on them as they get older (and whether or not they will remain HP fans). We live in an obsessive culture. Posted by David B. at July 22, 2005 07:54 AM This is an interesting phenomenon. I would think it is indicative of our society, more than anything else. I tend to agree with the idea that it shows a desire or need for communi

Communism: Good Money for the "El Viejo"

I guess Fidel Castro is doing ok . Forbes lists Castro as one of the richest in the world, right up there with the Queen of England. I bet he didn't like the attention. It was hard to figure it out, but it seems they managed to throw some numbers together. In the past, we have relied on a percentage of Cuba's gross domestic product to estimate Fidel Castro's fortune. This year we have used more traditional valuation methods, comparing state-owned assets Castro is assumed to control with comparable publicly traded companies. A reasonable discount was then applied to compensate for the obvious disclosure issues.