Ander Crenshaw Doubles Down on the FairTax
U.S. Rep. Ander Crenshaw, R-Fla., is one of 10 Florida Republican congressmen co-sponsoring U.S. Rep. Rod Woodalls, R-Ga., FairTax Act of 2013 (HR 25) and the Jacksonville congressman, who has backed the FairTax since 2006, explained his rationale on Thursday.
Every year Americans negotiate 70,000 pages of costly and complex tax code and spend roughly $265 billion and 6.1 billion hours filling out tax forms, Crenshaw said This amount of time and money can be better spent on growing the economy and creating jobs. Implementing a FairTax would help.
The easy-to-understand FairTax would rid us of thousands of pages of regulations and loopholes, Crenshaw added. In its place would remain a transparent national sales tax on goods and services administered primarily by the states. Federal income taxes as well as the FICA payroll tax would be eliminated, and the IRS would no longer be needed.
The FairTax protects the poor and treats everyone equally: no exemptions, no exclusions, no advantages. People would be allowed to keep their entire paycheck and spend hard-earned dollars on ways that best suit them. On the business side of the equation, labor costs are lowered by eliminating payroll taxes, allowing companies to hire more workers, Crenshaw continued.
Americans deserve to keep more of their paycheck in their wallets and bank accounts, Crenshaw concluded. They dont need to be finding more dollars to send to Washington to fund big and costly government programs.
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