In short, the FairTax would do away with all taxes and put in their place a single consumption (fair) tax, which is the closest and most practical modern proposal for a taxation system favored by America's Founders.
Our Founding Fathers did not penalize productivity through taxes the way we do today. They had no IRS. They believed in minimal taxation. They did (SET ITAL) not (END ITAL) pay income taxes, which were prohibited by the Constitution. They did (SET ITAL) not (END ITAL) pay export taxes, which also were prohibited by the Constitution. But they did tax imports. They believed in free trade within our own borders and a system of tariffs on imported goods.
Thomas Jefferson shared with Gouverneur Morris in 1793, "It must be observed that our revenues are raised almost wholly on imported goods."
If the Founding Fathers were alive today, I truly believe they would support the FairTax. As James Madison said, "taxes on consumption are always least burdensome because they are least felt and are borne, too, by those who are both willing and able to pay them. ... Of all taxes on consumption, those on foreign commerce are most compatible with the genius and policy of free states."
To put it simply, our representatives need to answer today the question Thomas Jefferson asked at the dawn of our republic: "Would it not be better to simplify the system of taxation rather than to spread it over such a variety of subjects and pass the money through so many new hands?"
I believe that the new majority in Congress should take up a tax replacement system, just as the previous majority took up Obamacare. Obamacare will take billions of dollars from taxpayers; the FairTax would put billions back in their pockets.
Friends, we must keep fighting. We've changed the tides in Washington. Now we must crash the waves of reform upon its powers.
Educate yourself about the FairTax by going to http://www.FairTax.org. If others are not familiar with the FairTax, introduce it to them, including various political groups in your area and one of the 2,800 tea party gatherings across the country. Also, call the president and your representatives and convey to them your passion on the issue. (The phone number for representatives and senators is 202-224-3121, and the president's is 202-456-1414.)
Benjamin Franklin once wrote, "In this world nothing can be said to be certain, except death and taxes." It's high time we changed that saying to read, "In this world nothing can be said to be certain, except death and a FairTax."