By Randy Rose:
The Fair Tax Act HR 25 in the House and S.13 in the Senate will create jobs and expand our economy. This one Act will affect your life in a very positive manner. The bottom line is that it repeals the 16th Amendment and that means no income tax. That is why you get the Gross Pay instead of the Net Pay. When there is no longer taxing of income, manufacturing will come back to the USA and the money parked off-shore will come back and be invested in businesses and that means more jobs. That is why Unemployment drops to 4%. People who get jobs need to live somewhere so they buy homes. That is why home values increase. You pay 4 people’s income tax when you buy a new product today. The manufacturer needs to make a profit so in order to earn a one dollar profit, they must charge $1.55 because .55 goes to the feds as income tax. The same thing happens with the distributor, wholesaler, and retailer. You pay 35% more for products than you should. When there is no income tax, prices fall 35%. The reason it turns out to only be a 12% savings is because we need to fund the Government. A 23% retail sales tax and 3% goes to social security and disability fully funding both and the Act forbids lawmakers from borrowing or spending any of those funds. You will get a monthly check from the government with no strings attached. All these things combined causes the economy to go up 7% or more. This is why it is important to elect those who will co-sponsor HR 25 and those two are Chris Edwards in CD 1 and Danny Tarkanian in CD 4. Please vote for these guys because we need HR 25 to be passed in Congress.