Federal Taxes – Fair Tax

FairTax – “Because Once you Understand it. You’ll Demand it.”

On January 22, 2021, Milam signed the FairTax Pledge, leaving Dan Crenshaw the only US House Texas District 2 candidate to not sign the pledge.  Milam supports and believes, The FairTax plan is the first step to eliminate the IRS and repeal the 16th Amendment which grants the federal government the power to tax the citizens based on income.

Under the current progressive income tax system, individuals or families are penalized for making more money, while others take advantage of various loopholes to lessen their contribution or to completely avoid paying taxes altogether.  The FairTax is a national consumption or sales taxes meaning taxes are collected on the things which are purchased and not based on your income. It is an everyone pays system where loopholes are eliminated and means that those living here and foreign visitors are all paying into the system.

The results of implementing the FairTax over the current income tax, will increase the tax base by an estimated 100 million*  and reduce the *Effective Tax Rate for individuals and families which means more of your paycheck in your pocket.  Part of the plan to relieve the tax burden on purchase of necessities for families and individuals will be prebate checks provided each month. For example a family of 4 would receive approximately *$7300+ annually in prebate dollars.

(*all statistics taken from FairTax.org)

Make April 15th just another day.

Video and Images

We will post a link to Milam’s interview with John Graves on FairTax Power Radio when it is ready to air.  FairTax Power Radio can be found on iHeartRadio and Apple iTunes

Resources about the FairTax

FairTax.org
FairTaxCalculator.org – FAQ
“TheRichDontPayTax! or Do They?”  by John Graves
“The Fair Tax Book: Saying Goodbye to the Income Tax and the IRS” by Neal Boortz and John Linder
“FairTax: The Truth: Answering the Critics” by Neal Boortz and John Linder
For iPhone Users Download QR-Code ‎FAIRtax Calculator Developer: John Gaver Price: $0.99

US Economy

The federal government has spent the United States into a position where we no longer have economic leverage to benefit the people.  The government is freely printing and spending money with no regard to a balanced budget or the devaluation of the US Dollar. We are borrowing against money that does not exist and driving inflation higher.  Higher inflation impacts everyone from all social classes, but it will be the lower and middle class that will feel these effects the most.

The federal printing of money would not be as large an issue, if in fact, we were matching it with products created and built here on US soil. It is a reckless policy to get rid of the American Manufactured, American Built, American Owned – Made In The USA, by American citizens, for American companies.

We, as a nation, are no longer producing as many products as we once did.  A large percentage of our manufacturing jobs have been reduced or eliminated as more and more items are produced in China and other foreign nations. Many of whom are not good partners politically or economically for the United States. We must ensure the countries we engage in trade with and how we engage in trade with them, including tariffs on imports, is in the best interest of the United States and it’s citizens.   We must continue with President Trump’s message of America First.

Beyond just the manufacturing, we are also outsourcing many of our service jobs, largely in Information Technology (IT) and Customer Service.  Over the past couple of decades more and more of these types of positions have gone overseas or off-shore.  We are weakening and leaving ourselves vulnerable as a society with our data being exposed to unknown entities.  American Served or American Built should equally apply to the service, and virtual or digital world as much as it does the physical one.

The only way to get us out of the insurmountable debt that we are under is to bring back manufacturing and our service industry jobs, which would include tax breaks for companies – large and small, from corporations to the mom-and-pops. These tax breaks would enable companies to expand and invest more, to hire more workers and at better wages.  With more of the nation back at work and a decrease in foreign labor and parts dependency, the US economy will flourish and in turn will result in more tax dollars flowing in, not due to increasing taxes on individuals or companies but because there would be more avenues of tax dollars coming in.