Terrell: Eliminate Fed Reserve With Sales Tax
There is one thing that would, for certain, jump-start the U S economy and create MANY JOBS. Expect career politicians and congressional lobbyists to resist it mightily. The reason; its adoption would adversely affect all their pocket books and seriously diminish congress’s power over and control of American citizens. It’s called The FairTax.
The FairTax is a “consumption” tax; a national sales tax. The IRS would be annihilated; nobody pays income tax anymore and no payroll taxes paid by businesses or employees. Every earner keeps ALL THEY HAVE EARNED! The price of all American made goods would drop by an estimated 22%. That is the figure researchers estimate the income tax and the payroll taxes add to the cost of everything produced in America.
The national sales tax rate would be 23%. So there’s no increase in cost-of-living for Americans. But economists estimate that in the first year after the FairTax becomes law, the economy will grow over 10%, exports will grow by 26% and capital spending will increase over 70%. There are many additional advantages of the FairTax! Read The FairTax Book to learn much more.
Then ask your congressional candidates about The FairTax and insist they support it!
Glen Terrell, Arlington, Texas
Terrell: Do Not Elect Incumbents
To The Editor:
It’s about to happen again. Nation-wide, Congress has only a 10% approval rating yet we are about to RE-ELECT 90% OF THE INCUMBENTS! How can this be? The only explanation: 90% of us approve of our own representative but want everyone else to elect someone different.
If this continues there will NEVER be meaningful change in Washington. Things will always be the same; right up until our country collapses under the weight of debt and corruption.
Fellow Americans, we must do something different now. You can only vote for/against, and possibly replace, one of the 435 members of the House. Is your representative really worthy of being sent back to Washington? If he/she has been there for 8 or more years it’s very likely he/she is part of the problem. If one of your choices in November is an 8+ year incumbent, seriously consider voting for the challenger. But you say, “The other candidate is a member of the other party and he’s pro this or that.” A freshman representative of either party will do less harm than an entrenched incumbent. In two years it will be easier to elect someone different and the country gets a new congress now!
Submitted by: Glen Terrell, Arlington, Texas
Terrell: Fair Tax Act
Dear Editor,
Fellow Americans, there’s been a proposal before Congress for over a decade that would put America on track to a swift and permanent economic recovery. Congress won’t pass it unless we demand it. Its adoption would drastically reduce elected politicians’ power and control over US citizens. It’s called the Fair Tax.
Adoption of the Fair Tax would (1) do away with the IRS, (2) put American businesses on a level playing field with their global competition, (3) ensure those living below the poverty level pay no taxes, (4) bring both capital and jobs back to America, (5) ensure everyone pays their fair share including tourists and those in the country illegally and (6) result in an economic boom.
From page 106 of The Fair Tax Book: “Economists estimate that in the first year after the Fair Tax Act becomes law, the economy will grow 10.5 %. Exports will grow by 26 %. Capital spending will increase by more than 70%.”
Every candidate running for congressional office must be asked about their support of the Fair Tax at every opportunity; Town Hall meetings, public appearances and every debate. Read the book, push hard and the Fair Tax could be adopted soon.
Glen Terrell, Arlington, Texas
