- Cape student sues, accuses school officials of slamming her to ground multiple times (04/28/16)46
- Bob Evans restaurant in Cape Girardeau among chain's 21 closings (04/26/16)9
- Missouri House votes to allow concealed weapons without permits (04/28/16)8
- Police report filed, but no charges in incident at Cape Central (04/29/16)40
- Two hurt in motorcycle wreck on Interstate 55 (04/25/16)1
- Senator introduces bill for I-57 that would connect Sikeston with Little Rock (04/28/16)4
- Law firm requests information about Cape's traffic cameras (04/25/16)3
- Local lawmakers split over failed medical marijuana bill; voters may have a say (04/26/16)19
- Local company makes eco-friendly kitty litter that cuts cat-box smell (04/25/16)
- Man accused of pointing BB gun at Chaffee resident (04/26/16)2
FairTax is the best answer
It is time to stop taxing productivity in our country.
The current income tax, payroll taxes (Social Security and Medicare), capital-gains tax, inheritance tax and corporate tax are a disincentive to productivity. Productivity is the only way wealth is created. Individuals and businesses produce goods and services that benefit themselves, benefit others and create wealth.
The FairTax is the answer to this disincentive. The FairTax is a consumption-based tax that encourages saving, investment and productivity.
The FairTax bill (HR 25) before Congress, as currently written, would create a revenue-neutral consumption tax, meaning the same amount of revenue would come into the federal government as the under the current system. There would be no more income-tax withholding. Workers would keep their entire paycheck. It would eliminate all filing of individual tax returns. April 15 would be just another beautiful spring day. It would eliminate the 54,000-page, 2.8 million-word tax code. It would jump-start the economy and make the U.S. the tax haven of the world. Investment, business and jobs would flow into the U.S. rather than out. And it would be the largest transfer of power from the federal government back to the American people in history.
The FairTax has the endorsement of more than 80 professional and university economists and is gaining support nationwide. I encourage readers to go to FairTax.org or call 1-800-FairTax (324-7829) for more information and a more detailed description of this exciting proposal.
JOHN KINDER, Fruitland