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The Official Blog of National Taxpayers Union

Gilmore: Private Property, No Tresspassing!

Posted by Elizabeth Terrell - June 16, 2007

Governor Jim Gilmore launched the National Property Rights Initiative at the National Taxpayers Conference luncheon today before over 150 guests. (We're told that a number of our attendees had stopped by the IRS building to give them a piece of their mind!) In his speech, the former Virginia Governor (and current presidential candidate) spoke of the need to secure Americans' property rights in light of the Kelo v. New London decision and also spoke of the need to protect income rights.

Senator Mike Gravel kicked off the final day of our conference. The former Alsaksa Senator and candidate for the Democratic Presidential nomination is might not see eye-to-eye with conference attendees on everything, but they did appreciate his message advocating the FairTax (especially while his oponents for the Democratic nomination advocate radical income distribution).

It was thrilling to have three presidential candidates (Ron Paul kicked off our conference on Thursday) speak at our conference. We're sure that their messages inspired those at the conference to take up the tax reform fight in their home states (and countries for our international attendees), and look forward to them advancing our agenda on the national stage.

Thoughts?   Add Comment -


Ian said on Jun 27 2007 at 6:21pm
Here is why the FairTax will make a good U.S. tax system REPLACEMENT. The FairTax is:

SIMPLE, easy to understand
EFFICIENT, inexpensive to comply with and doesn't cause less-than-optimal business decisions for tax minimization purposes
FAIR, loophole free and everyone pays their share
LOW TAX RATE, achieved by broad base with no exclusions
PREDICTABLE, doesn't change, so financial planning is possible
UNINTRUSIVE, doesn't intrude into our personal affairs or limit our liberty
VISIBLE, not hidden from the public in tax-inflated prices or otherwise
PRODUCTIVE, rewards, rather than penalizes, work and productivity

Its benefits are as follows:

FOR INDIVIDUALS:
No more tax on income - make as much as you wish
You receive your full paycheck - no more deductions
You pay the tax when you buy "at retail" - not "used"
No more double taxation (e.g. like on current Capital Gains)
Reduction of "pre-FairTaxed" retail prices by 20%-30%
Adding back 29.9% FairTax maintains current price levels
FairTax would constitute 23% portion of new prices
Every household receives a monthly check, or "pre-bate"
Pre-bate equals payback for taxes on spending to poverty level
FairTax's pre-bate ensures progressivity, poverty protection
Finally, citizens are knowledgeable of what their tax IS
Elimination of "parasitic" Income Tax industry
NO MORE IRS. NO MORE FILING OF TAX RETURNS by individuals
Those possessing illicit forms of income will ALSO pay the FairTax
Households have more disposable income to purchase goods
Savings is bolstered with reduction of interest rates

FOR BUSINESSES:
Corporate income and payroll taxes revoked under FairTax
Business compensated for collecting tax at "cash register"
No more tax-related lawyers, lobbyists on company payrolls
No more embedded (hidden) income/payroll taxes in prices
Reduced costs. Competition - not tax policy - drives prices
Off-shore "tax haven" headquarters can now return to U.S
No more "favors" from politicians at expense of taxpayers
Resources go to R&D and study of competition - not taxes
Marketplace distortions eliminated for fair competition
US exports increase their share of foreign markets

FOR THE COUNTRY:
7% - 13% economic growth projected in the first year of the FairTax
Jobs return to the U.S.
Foreign corporations "set up shop" in the U.S.
Tax system trends are corrected to "enlarge the pie"
Larger economic "pie," means thinner tax rate "slices"
Initial 23% portion of price is pressured downward as "pie"
increases
No more "closed door" tax deals by politicians and business
FairTax sets new global standard. Other countries will follow