Article I, Section 8, Clause 1 of the U.S. Constitution gives Congress the power to lay and collect taxes. Nowhere though does the Constitution say that the federal government can nickel and dime you, in fact, it states that " all Duties, Imposts and Excises shall be uniform throughout the United States." But unfortunately, the tax code as we know it today is far from being "uniform," as it is riddled with loopholes, carve outs, and credits that cater to wealthy special interest groups at the expense of all taxpayers. The American people deserve an equitable system of taxation that provides the means to "pay the Debts and provide for the common Defence and general Welfare of the United States," and no more. To achieve that, we must overhaul the current tax code and abolish the Internal Revenue Service (IRS) altogether. That’s why I support the FairTax, a system of taxation that abolishes the IRS and replaces it with a one-time, inclusive, federal sales tax on new goods and services. The FairTax creates a level playing field by taxing Americans at the cash register the same and it ensures fairness through the prebate. The prebate essentially untaxes each household monthly, up to the poverty level, to ensure households can purchase necessities. In turn, the prebate ensures that those closest to the poverty level pay a lower overall rate while those earning more pay a higher rate. Bottom line, the FairTax is a bold solution and would make Tax Day each year another Spring day. Most importantly, the FairTax would allow American workers to keep more of their hard-earned paychecks and only pay taxes on what they spend. |