(Paulding County, Georgia) According to the Tax Foundation, the average American has worked from Jan. 1, 2012 until yesterday just to pay his or her share of federal taxes. Today is considerd to be tax freedom day.
Today, those in Congress who support the FairTax H.R. 25, gathered for a Tax Day press conference in the front of the U.S. Capitol.
While democrats and liberals do not support the fair tax and have out-right accused the Republicans that this fair tax legislation would destroy the middle-class and the poor, Republicans see differently.
After the press conference, Republican Congressman Phil Gingrey of Georgia’s 11th district stated, “Today, I addressed this very issue of tax reform alongside Senators Saxby Chambliss and Johnny Isakson and my fellow co-sponsors of H.R. 25: The Fair Tax.”
Gingrey’s comment came after yesterday’s Senate defeat of the Buffet Rule that was pushed by President Obama and Senate Democrats. There were 51 votes in favor and 45 opposed, but 60 votes were required for cloture and so the proposal could not proceed.
On how the Fair Tax works, the explanation can be studied here.
“One of the boldest tax reform bills in Congress, the fair tax would ensure that all citizens are treated equally. Our out-of-control tax code must be reformed to stimulate economic growth,” said Gingrey.