FOR IMMEDIATE RELEASE
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CONTACTS:
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Megan Whittemore, 202-228-1023
Mark Bednar, 202-224-6594
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Perdue, Moran & Woodall Lead FairTax Effort in Congress
WASHINGTON, D.C. –
On April 15, Tax Day, U.S. Senators David Perdue (R-GA) and Jerry Moran
(R-KS) and U.S. Representative Rob Woodall (R-GA-07) issued the
following statements in support of S. 155 and H.R. 25, the FairTax Act
of 2015. A proposal to remove all aspects of the current income tax code
and replace it with a system based on consumption of new goods and
services, the FairTax has been introduced and championed by
Representative Woodall since coming to Congress, with Senators Perdue
and Moran now leading the charge in the U.S. Senate. With 74 supporters,
it remains one of the most widely supported fundamental tax reform
bills in Congress.
“We
are in a full-blown fiscal crisis, and we need to take bold steps to
get our country back on track,” said Senator Perdue. “We can’t just tax
our way out of this crisis, and we can’t just cut our way out. We must
grow the economy, and the FairTax is an important step in the right
direction. The FairTax will help level the playing field and encourage
American innovation and investment to make our economy more competitive.
That kind of thriving economic activity is a necessity if we are ever
going to pay down this outrageous debt and make life work better for
Georgians and American families.”
“The
inefficient and burdensome tax filing process each April serves as an
important reminder to Americans that our tax system is fundamentally
flawed and in need of significant reform,” Senator Moran said.
“Fortunately, there is a better way: the FairTax. By removing existing
income taxes and associated loopholes, exemptions and credits, the
FairTax would end the convoluted tax-filing process, boost the economy,
and make the tax code so simple that we could eventually close the IRS
for good. The economic need for a leaner and fairer tax code has never
been greater and adopting the FairTax should be a Congressional
priority.”
“Whether
to encourage economic growth and productivity or to rein in the size
and scope of the federal government, fundamental tax reform is long
overdue,” said Representative Woodall. “The FairTax offers that reform,
but is so much more than just another effort to adjust the existing tax
code. It does what no other proposal in Congress does – it removes our
broken and oppressive system by its roots – replacing it with an
approach consistent with the American spirit of innovation, and the
American principles of freedom and opportunity. By rejecting the notion
that Washington knows best, and returning that power to the American
people, we can unleash our economy while protecting individual liberty,
and providing taxpayers with a simple and transparent process. Under the
FairTax, April 15 would once again be just another spring day.”
Visit Fair Tax Nation at: http://www.fairtaxnation.com/?xg_source=msg_mes_network
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