Entries by Steve Hayes

The ‘Best Alternative’ to Tax Day

“Our tax policy should reflect our economic ambitions, not be a millstone around the neck of the American economy. Our tax code can and should leverage our entrepreneurial spirit and reward our hard work… thankfully we have a clear alternative — the FairTax. Let’s make April 15 just another beautiful spring day.” – Rep. Rob […]

A Postscript to Congressman Linder’s Article on the FAIR Tax by Karen Walby, Ph.D

In a recent FAIRtax Friday article by John Linder, he commented that “If we had been under the FAIRtax in 2012, 10 percent of all corporations in America would have collected 89 percent of all the taxes on goods.  These are big corporations with totally computerized ordering and sales systems. It would be difficult for […]

Adam Smith’s Wealth of Nations and the FairTax by Rep. Dave Brat (VA-7)

Adam Smith, the father of economics, published An Inquiry into the Nature and Causes of the Wealth of Nations nearly 240 years ago[i]. Soon after, an extraordinary flourishing of innovation and human well-being took off and transformed the globe. According to economist Deirdre McCloskey, the average American today is roughly 30 to 100 times better […]

Treasury Secretary Jack Lew: U.S. corporations must be “punished” with new penalties and restrictions

More American jobs and the products that make your life better are under attack by those in Washington who do not seek a solution, but merely want to mask the failures of our horrific income tax code. Currently, America’s corporations pay 39.1% in income taxes – the highest tax rate of 33 industrialized countries! To stay […]

The Dream Tax?

If most politicians and bureaucrats were asked to describe their perfect tax, it would have the following characteristics: Raise a lot of money; Be easy to assess and can be collected automatically; Be hidden in the price of goods; Appears to only tax the very wealthy; Be easily manipulated to favor the groups who contribute […]