Mr. Speaker, I rise today as tax day is fast approaching. We've heard a lot about the budget that's being introduced today. I'm a proud supporter of this budget because in this country we don't have a revenue problem; we have a spending problem. But what we do have is a problem with the way that we contribute revenue to this country.
There is a better way, and it is called the Fair Tax. The Fair Tax will take the burden off American taxpayers paying on what they earn and change it to a burden on what they spend. The power to tax is the power to destroy, and when we tax income and productivity, we destroy that income and productivity.
Do you want to talk about jobs in this country? Do you want to talk about a magnet for jobs in this country? The Fair Tax is the only bill in Congress that abolishes every single corporate tax break, tax loophole and tax preference. It abolishes the corporate income tax rate and tells international businesses they can locate here with the most powerful, hardest working workers on this planet.
Folks, H.R. 25, the Fair Tax, is a better way. As you fill out your tax forms this year, think about how we could do it differently next time around.