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First, Why We Need a Fair Tax

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Uploaded by on May 26, 2008

Under present law federal expenditures will soar past federal revenues. To increase revenues we have to increase GDP. To increase GDP we have to reform taxes. The best proposal to reform taxes is the Fair Tax. An overview of the Fair Tax.

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  • After seeing these two videos on the FairTax, be sure to see my blog

    "38 Reasons for the FairTax."

    Copy this link

    actionsforfreedom.ning.com/pro­files/blogs/38-reasons-for-the­-fairtax

  • Herman Cain has an interesting economic plan that would take a phased approach to the FairTax. See hermancain [dot] com

  • A few corrections since this video was created:

    The Senate version is now S13.

    Debt has gone from $9 trillion to $14.5 trillion.

    Poverty guidelines are different.

    The 16th Amendment is now 98 years old.

    There are 63 co-sponsors in the House.

  • Herman Cain, running to be the Republican nominee for President, was asked about the Fair Tax on Fox News Sunday on May 22, 2011. Go to actionsforfreedom.ning.com/for­um/topics/herman-cain-intervie­w-on-fox

    for a quick link to hear his responses.

  • Herman Cain, a leading candidate for the 2012 Republican nomination for president of the U.S. was asked a loaded question about the Fair Tax on May 5, 2010. Go to fairtax.org/firstdebate.

  • I PAY NO TAX NOW FAIR TAX WELL NEVER PASS SO I WILL NEVER PAY TAXES

  • @MFP1520 If you don't think you are being taxed by the Federal Reserve, you need to pay more attention to what they are doing.

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  • @DanDyer4 Absolutely right! @MFP1520 Needs to understand how embedded taxes work. Check out: federalbudget,com/corpwelfare,­html

  • @ericbernaldo It isn't a "welfare check". ALL registered US citizens will get the monthly prebate. The biggest proponent of the prebate, however, is that Illegal Immigrants will NOT get the check. What this does it puts Legal Documented American Workers on a level playing field. No longer will undocumented workers be able to work for less money, because they will finally have to pay taxes too. Besides, if you don't want your "welfare check", you don't have to register for it. But I know I will!

  • @Niftytax How much time & money have you spent researching your 787 plan? The FairTax has over $25,000,000 into it and has been researched by 80 world renowned economists from at least 7 universities over the past 16+ years. AND, it is already in Congress. So, if you think they haven't thought about that, you're fooling yourself. And if you think the US can survive on "No Tax Until Death" you're fooling yourself even more. Learn about the FairTax instead of trying to come up with your own plan.

  • @DanDyer4 The 999 or "Fair Tax" are not the answer to our economic problems. A "Flat Tax" of 15%-20% on AGI where everyone pays will simplify tax filing.

    My 787 Flat tax plan at NoTaxUntilDeath [dot] com will fix and save Social Security retirement because everyone will either opt out of the retirement part of SS or contribute to their private retirement account.

    7% of 1st, $150K to Social Security or private retirement account

    8% of AGI over $150K to personel Income Tax

    7% Net Business Tax

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