Congressman Ander Crenshaw today (7/26) underscored his support for "Fair Tax" legislation as the House Ways and Means Committee examined the proposal at a Tuesday morning hearing on alternative tax systems.
"Each and every year, individuals and businesses must navigate thousands of pages of complicated tax code," said Crenshaw, a member of the House Appropriations Committee. "These complex and wieldy regulations cost too much time and money. Simply put, Americans need a fairer and simpler tax code."
"A "Fair Tax' delivers that solution by repealing all federal income related taxes and replacing them with a transparent personal consumption tax on goods and services," Crenshaw continued. "I've backed a "Fair Tax' since 2006 as a way to relieve the heavy burden that our current tax code imposes on citizens. I commend Ways and Means Committee Chairman Dave Camp for looking at the proposal further and strongly urge all my colleagues in Congress to join me in supporting this long-overdue change in our tax code."
On Tuesday, July 26, the House Ways and Means Committee held a hearing on alternative tax system, including the "Fair Tax." Congressman Crenshaw has supported a "Fair Tax" since 2006 and is an original co-sponsor of the measure currently before Congress. The bill would repeal existing taxes on income, payroll, estates, and gifts and replace them with a single national retail sales tax.