Here is a press release that went out today from Houston to the Home News Tribune, Courier News, Asbury Park Press and Star Ledger. Let?s hope the papers runMessage 1 of 1 , Oct 27, 2010View SourceHere is a press release that went out today from Houston to the Home News Tribune, Courier News, Asbury Park Press and Star Ledger. Let?s hope the papers run it!-----Original Message-----
From: Aaron Schutte [mailto:aaron.schutte@...]
Sent: Wednesday, October 27, 2010 02:38 PM
Subject: Press release - Anna Little Attack by Pallone Misrepresents the FairTax
Here is the release.
Date: October 25, 2010
Contact: Doug Hartlove ? New Jersey Volunteer State Director
For Immediate Release - Anna Little Attack by Pallone Misrepresents the FairTax
Twenty two year Democrat incumbent Frank Pallone has been airing advertisements in which he attacks his Republican challenger, Anna Little, for supporting an unnamed 23% sales tax on the middle class. The national sales tax that Pallone refers to is known as the FairTax - a bill in Congress (HR-25) with 65 co-sponsors. The ads are a misrepresentation along with similar ads used by the DCCC to attack FairTax supporting candidates across the country.
The ads, both false and purposely misleading, claim that the FairTax is a new tax that will hurt the middle class and are on top of all other current taxes. FactCheck.org and PolitiFact.com confirm this is simply untrue, as the FairTax replaces federal taxes while closing the IRS. The facts are that the FairTax eliminates the income tax, Social Security and Medicare taxes, and death and gift taxes and replaces their revenue with a simple retail sales tax that will save $250 billion each year in tax compliance cost. Americans will then receive their entire paychecks free of federal taxes and when they spend their money they will be paying their taxes.
Americans will finally see their true tax burden for the first time in generations, as the tax will appear on every sales receipt. Today, by taxing businesses and all the labor and materials in the production of goods and services, much of our tax burden is hidden in the price of the things we buy ? and will be eliminated by enactment of the FairTax. To make matters worse, we pay again when we lose our jobs because our companies? products are placed at a competitive disadvantage compared to foreign produced products that are shipped to America with a minimal tax component. Rather than hurt the middle class, the FairTax is a tremendous boon to the American economy including a resulting increase in jobs.
Misleading attacks on the FairTax preserve the status quo, where politicians have influence never intended by our Founding Fathers. The FairTax removes this power by eliminating the buying and selling of tax favors which takes place under today?s income tax system and corrupts our representative form of government.
It takes leadership to offer a bold new idea, and it takes courage if that new idea eliminates the special tax favors some powerful special interests derive from the current tax code.
FairTax information can be viewed at www.fairtax.org/about_main