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H.R. 25--The Fair Tax

Floor Speech

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Date:
Location: Washington, DC

Mr. Speaker, tomorrow is Tax Day. I am sure there are some folks out there who haven't quite filled out all of their forms yet, who haven't quite finished up all of that paperwork yet, but it doesn't have to be that way. There are alternatives to change the Tax Code in this country, and one of those alternatives is the Fair Tax, H.R. 25, which was introduced in this House.

The Fair Tax, H.R. 25, is the only bill in Congress to eliminate the incentive that American companies have to move American jobs overseas. The Fair Tax is the only bill in Congress to change the Tax Code so that those jobs that have moved overseas and so that those dollars that have gone overseas have an incentive to return. The Fair Tax is the only bill in Congress that abolishes the payroll tax--that 15.3 percent FICA tax, which is the highest tax that 80 percent of working American families pay.

The Fair Tax, H.R. 25, is a different way and a better way, and we can make April 15 just another spring day.


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