We are still in the worst economic recession since the great depression. It didn’t have to happen!
In July 2011, Dr. David G. Tuerck, executive director of The Beacon Hill Institute in Boston, released research findings with the following results: if The FairTax had been the “Law of the Land” in 2009, the federal government would have collected $171B more in taxes than was collected with the income tax. In 2010 that number would have been $267B.
Economists earlier estimated “that in the first year after the FairTax Act becomes law, the economy will grow by 10.5 percent, exports will grow by 26 percent, and capital spending will increase by more than70 percent.”
If The FairTax had become the “Law of the Land” in 2009, the USA would now be the economic engine of the world. It could still happen.
Queens Congressman Joseph Crowley is on the House Ways and Means Committee, where all tax measures must begin. Call his Washington office (202-223-5751) and tell him you want him to support the FairTax. Attend his town hall meetings in your district and ask if he supports the FairTax. If he says no, ask “why do you favor the income tax over the FairTax?”
Glen E. Terrell