Fair Tax Act would help Americans
Fair Tax Act would help Americans
Rather than crack down on tax havens, as the Obama Administration announced it would do on May 4, 2009, we could do better if we, ourselves, were to become the world’s tax haven.
And there is a bill in Congress to do just that - The Fair Tax Act of 2009, HR25, S296.
The Obama Administration proposes a series of measures to eliminate deductions for companies that take jobs overseas, combined with reforming the tax credit system.
But with 70,000 pages of tax statutes, regulations and revenue rulings, the closing of one loophole necessarily results in the opening of another.
The Administration is overly sanguine that adding 800 revenue agents will be enough do the policing job that its proposal would require.
The FairTax, on the other hand, while being fairer to low-income people than today’s tax code, eliminates all taxes on business and investment and repatriates dollars voluntarily.
The Fair Tax replaces payroll taxes, estate, gift and generation-skipping taxes, and corporate and personal income taxes with a national retail sales tax on consumption of all new property and services -except education - once and only once.
A rebate to all households with valid social security numbers for tax on consumption for essentials assures the tax is fair to low-income families.
Millions of dollars of research say the tax will fully fund the federal government at current real spending levels.
The FairTax would bring trillions of dollars of offshore capital back to the United States in months - without hiring any more revenue agents.
The repatriation would be free of federal compulsion.
The Obama Administration needs to rethink its approach.
Carol Chouinard
OkFairTax.org
History in Tulsa
On July 7, 2007, I was drawn to a story concerning the Declaration of Independence manuscript in the Thomas Gilcrease Museum of American Art and History, Tulsa. The article made me uncomfortable! My study of other Museum literature led me on a 34-month study.
I have concluded the Gilcrease manuscript is the “lost original,” the document John Dunlap used to set type for the Broadside published the night of July 4th, 1776, in Philadelphia.
I have no standing in the field. No one has enough standing to say, “The lost original has been found!”
No one!
Only study will make the final determination.
The Museum Curatorial Staff has fought my research, preferring to defend their 40-year-old mistakes of past Staff.
Your readers can make a difference. Google: Does Tulsa possess the Holy Grail of American History? Study the evidence.
The Gilcrease Declaration of Independence is “certified” by “as a true copy of the original manuscript” (signed by) Thomas Jefferson.
This is 18th Century practice we would call “notarizing” today!
This firmly places the origins of the manuscript in Philadelphia. The manuscript is signed by Benjamin Franklin and Silas Deane, which places the Manuscript in Paris, February 14, 1777.
Is this the “lost original?”
My 6- page paper argues yes. But, it is the historian, professional and history buffs alike that will settle the issue.
Thomas Jefferson wrote, September 15, 1824: “until all these private hoards are made public, the real history of the revolution will not be known.”
Jefferson was correct! The study is intoxicating!
Bill Sitler, Tulsa