WASHINGTON, DC — As Americans approach tax filing day, Congressman Ander Crenshaw, Chairman of the House Financial Services and General Government Appropriations Subcommittee, today (3/20) underscored his strong support for passage of FairTax legislation.
An original co-sponsor of the Fair Tax Act of 2013 (H.R. 25) in the 113th Congress (2013-2014), Crenshaw backs legislation to replace the current federal tax code with a national sales tax on all goods sold in the United States and continues to advocate for the bill’s passage. He has co-sponsored FairTax legislation since 2006 and pushed for replacing our tax code with a fairer, simpler tax code since his election to Congress. He issued the following statement:
“Every year Americans negotiate 70,000 pages of costly and complex tax code and spend roughly $265 billion and 6.1 billion hours filling out tax forms. This amount of time and money can be better spent on growing the economy and creating jobs. Implementing a FairTax would help.
“The easy-to-understand FairTax would rid us of thousands of pages of regulations and loopholes. In its place would remain a transparent national sales tax on goods and services administered primarily by the states. Federal income taxes as well as the FICA payroll tax would be eliminated, and the IRS would no longer be needed.
“The FairTax protects the poor and treats everyone equally: no exemptions, no exclusions, no advantages. People would be allowed to keep their entire paycheck and spend hard-earned dollars on ways that best suit them. On the business side of the equation, labor costs are lowered by eliminating payroll taxes, allowing companies to hire more workers.
“Americans deserve to keep more of their paycheck in their wallets and bank accounts. They don’t need to be finding more dollars to send to Washington to fund big and costly government programs.”
H.R. 25, authored by Congressman Rob Woodall (R-GA), currently has 74 co-sponsors, including Crenshaw as an original co-sponsor. The legislation has been referred to the House Ways and Means Committee.
(Source: Release from Rep. Ander Crenshaw (R-Fla.)/March 20, 2014)
Ed. Note: Our antiquated tax system opens a vast door enabling fraud and scams. See article at Day on the Day: FBI, IRS warn about tax scams, ID theft.
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