The income tax creates a stagnant economy for the United States. Companies have moved overseas to give their investors a tax advamtage. They will not return to the US until our system gives them an advantage in the world market.
The answer to this is The Fair Tax Plan. It will: eliminate income tax and the IRS, jump-start the economy, bring jobs back to the US, capture untaxed dollars currently lost to criminal and offshore businesses, allow you to keep 100% of your paycheck, let you save all the money you want and pay taxes only when you spend it, eliminate taxes you don’t even know you are paying, lower interest rates and make April 15 just another beautiful spring day. If everyone tells their congressman to support HR25, we can turn this economy around as soon as it is enacted.
Roy T. Newsom resides in Granbury, Texas.
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