U.S. Rep. Tom Graves (R-GA-14) is once again an original cosponsor of the FairTax, which has been reintroduced in the 113th Congress as H.R. 25. The FairTax repeals the Sixteenth Amendment and replaces the current federal income tax code with a single, national consumption tax.
"The FairTax is about the empowerment of taxpayers. Rather than government taking a hunk of our paychecks before we even see them, taxpayers would choose when and how they are taxed based on what they decide to purchase. This is the kind of fundamental reform we need to change the direction of our country. Our debt crisis, fragile economy and stagnant job market do not have to be the norm if Congress simply had the courage to change business as usual.
"Under the FairTax, families could budget on their actual income and use their purchasing power to grow the private sector and create jobs. It would be an honest, simple and fair tax code that would eliminate the expensive filings, confusing forms and legions of IRS agents.
"The government-first approach of our tax code has given Washington too much control of our everyday lives, and we've seen the results. Let's trust the people and take a citizen-first approach."
H.R. 25 was introduced on January 3, 2013, with a record number of original cosponsors--53 members, plus the lead sponsor, fellow Georgian Rep. Rob Woodall (R-GA-7).
More information about the FairTax is available at www.fairtax.org, or by clicking here.