America's Best Kept Secret: FairTax This book is the only one on this subject and tells of the history and growth of the FairTax. The FairTax Bill was known as U. S. House Bill H. R. 2525 in the 106th and 107th Congresses. It was entered on the first day of the 108th Congress as U. S. House Bill H. R. 25. In July when the number 2525 comes up w... more »e will change H. R. 25 to H. R. 2525. The Americans for Fair Taxation Bill involves three specific actions: 1) Passage of legislation that repeals the income tax, the payroll tax in its entirety, the estate tax, the gift tax, the capital gains tax, the self-employment tax, and the corporate tax. 2) Passage of legislation that installs a single-rate, national sales tax on all new goods and services at the point of final purchase for consumption; and that provides a universal rebate in an amount equal to the sales tax on essential goods and services. 3) Adoption of a constitutional amendment to repeal the 16th Amendment. If any of these items are altered the bill will lose all grassroots support! Americans for Fair Taxation has over 500,000 members. What does the FairTax do for you?

1. You take home your gross pay minus state income taxes.

2. You receive a check on the first of every month (amounts shown below).

3. You will have no tax forms and no IRS to report to. U. S. House Bill H. R. 25 Sponsors (The FairTax Bill) In just three months we now have 19 sponsors of the FairTax Bill. Rep. John Linder (R-GA) is the primary sponsor. The co-sponsors are Rep. Collin Peterson (D-MN), Rep. Ralph Hall (D-TX), Rep. Mac Collins (R-GA), Rep. John Culberson (R-TX), Rep. Steve King (R-IA), Rep. Jeff Flake (R-AZ), Rep. Nathan Deal (R-GA), and Rep. Charlie Norwood (R-GA), Rep. Kevin Brady (R-TX), Rep. John Doolittle (R-CA), Rep. Steve Pearce (R-NM), Rep. Richard Baker (R-LA), House Majority Leader Tom DeLay (R-TX), Rep. Gil Gutknecht (R-MN). Rep Max Burns (R-GA) 12th, Rep John R. Carter (R-TX) 31st, Rep Phil Gingrey (R-GA) 11th, and Rep. John B. Shadegg (R-AZ) 3rd. Rep. F. James Sensenbrenner (R-WI)5th recently wrote to a constituent and said, "I am inclined to support the FairTax." Because of the addition of Rep. DeLay we can expect the number of co-sponsors to double. Sen. Saxby Chambliss has vowed to sponsor the FairTax into the U. S. Senate. Sen. Richard Lugar ran for president in 1996 on a consumption tax platform. Dr. Alan Keyes is a strong supporter of the FairTax. From the New York Times: White House Floats Idea of Dropping Income Tax Overhaul, By EDMUND L. ANDREWS, WASHINGTON, Feb. 7 ... President Bush, having already set off a firestorm over his proposals to cut taxes and revamp retirement accounts, suggested today that the time might be near to drop the income tax as a whole and replace it with some form of consumption tax. The FairTax is a consumption tax and appears to be the favorite of the Bush Administration.