Senator John McCain Accepting the Nomination of the Republican Party
In Case You Didn't Know:
John McCain has a muscular economic plan that will restore American economic prosperity and ease the pain for struggling families across the nation.
America is being squeezed by skyrocketing energy prices. Senator Barack Obama remains opposed to offshore drilling and building nuclear power plants. John McCain has an "All of the Above" comprehensive energy plan that will tap all energy sources and promote new technologies to solve our energy crisis and bring down prices. John McCain also believes that is essential to reform our current unemployment insurance system to include high quality worker retraining programs. As workers receive training in their new fields of employment, John McCain's plan will provide them financial aid to help support their families in the interim.
The United States has the second highest corporate tax rate in the world. Businesses will continue to move out of the United States and cut well paying American jobs, unless we lower the corporate tax rate to a level commensurate with the rest of the world. John McCain supports this measure, while Barack Obama instead proposes raising income taxes, business taxes, and social security taxes. -
If McCain wants to really help the American people, he would seriously consider the Fair Tax (HR25, S 1025):
The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.
The FairTax Act (HR 25, S 1025) is nonpartisan legislation. It abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities.
The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system.
- Enables workers to keep their entire paychecks
- Enables retirees to keep their entire pensions
- Refunds in advance the tax on purchases of basic necessities
- Allows American products to compete fairly
- Brings transparency and accountability to tax policy
- Ensures Social Security and Medicare funding
- Closes all loopholes and brings fairness to taxation
- Abolishes the IRS
There are naysayers out there who say it won't work. There are naysayers out there who say it will never get through Congress. We never thought we'd see a female as the Republican VP candidate this soon. We never thought we'd see a black man as the Presidential candidate on either ticket this soon. But both of those happened. I believe in miracles. And I believe in the Fair Tax.
There are people who think that we should have a Flat Tax. Uh...I hate to tell you this, but that's what we have now. A Flat Tax. At least, it started out that way. It's been changed so many times it looks like a roller coaster.
Some people think that the Fair Tax would never stay the way the framers wrote it. There are safeguards to keep that from happening, but the best safeguard is to keep on your Congresscritters and make sure they understand you won't stand for it. That's true of any matter coming before Congress.
We've allowed Congress to have a free hand for much too long. They believe that the money the American worker earns is really their money to do with as they please. We have to take Congress back and make sure that each and every member of Congress understands that they are our paid employees and serve at our will; that they are under constant review for their jobs, and that they can be replaced.
I believe that if McCain/Palin understood the Fair Tax, they would be all over it. It would be the saving of the American economy. McCain read the Wall Street Journal and believes that it would raise the tax rate of the individual into the 30% range. Well, jeez Louise! Of course Wall Street thinks that. I suggest Senator McCain go to more than one source. In fact, I suggest he read the bill and find out just what the heck is in it anyway. That's what a real maverick would do - learn the facts for himself.
Talk about reviving the economy! Talk about reducing taxes on the American worker! Under the Fair Tax, prices would fall and your paycheck go up. Talk about an inviting tax climate. American companies now overseas would come home in droves. Foreign companies would be lining up to headquarter in the US to take advantage of the favorable tax climate that doesn't exist in their countries.
And the FairTax would fund one issue that is on everyone's mind: health care. The FairTax could fund universal health care for every American, not just those who don't have health care now, but everyone. We could have the best health care system in the world with the FairTax.
If you don't believe what I say, and I always suggest that your do your own research, go to FairTax.org to find out where I am wrong. I only ask that you keep an open mind.