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Woodall Credits Public With Helping Get FairTax Into Hearings

U.S. Rep. Rob Woodall said American people are calling for tax reform and Washington is responding.

U.S, Rep. Rob Woodall (R-GA-07) credited the American people with ensuring the FairTax is considered as a viable option for tax reform. The legislation was included during Tuesday's hearings by the Ways and Means Committee on the economic impact of the consumption-based tax models. , H.R. 25, now has 62 co-sponsors.

“Today’s hearing is a giant step forward not only for the FairTax, but for the legislative process,” Woodall said in a press release. “The American people are calling for tax reform and the leaders in Washington are responding. By holding hearings and by learning as much as we can about how to move this nation forward in the right fiscal direction, I am certain that the FairTax will rise to the top as the most sensible tax reform solution.”

The FairTax would provide a complete overhaul of the nation’s 67,000-page tax code and replace it with a 23 percent consumption tax on the purchase of new goods and services, which would be collected at the completion of a sale. Woodall says that under the FairTax, individuals would be able to choose when and how they pay taxes. 

Former Governor Mike Huckabee, Boston University Professor Laurence Kotlikoff, Sufolk University Professor David Tuerck and columnist Bruce Bartlett all testified on the FairTax panel. 

“I would like to thank Ways and Means Chairman Dave Camp for his leadership in bringing the FairTax before his committee,” Woodall said. “I would also like to thank the American people for exercising their political will and calling for a hearing on this important piece of legislation. The FairTax will return power to the American people, and I will continue to work for its success in Congress.”

Woodall’s Seventh District includes all of Barrow and Walton counties, most of Gwinnett County, and portions of Forsyth and Newton counties.

Brian Crawford July 27, 2011 at 06:48 PM
It's interesting that you mention Bruce Bartlett's testimony. Of all the panelists he certainly has the best credentials. I didn't hear his testimony but as recently as this past May he was discounting many of the claims by "Fair Taxers" in articles such as this: http://economix.blogs.nytimes.com/2011/05/24/is-the-fair-tax-herman-cains-ace-in-the-hole/
Amerigo M. Cimino July 27, 2011 at 08:59 PM
Mr. Woodall, you have my vote! Politicians do not like the Fair Tax! It takes away much of their power. I love the Fair Tax! The greatest advantage of the Fair Tax, no more intrusion into my personal life! NO more record keeping! And probably, no more letters like this! You must explainn about all the Federal Taxes, all of the embedded taxes, will go! We are already paying approx, 22% in embedded taxes, so the 23% sales tax will only add approx 1% to existing sales. PLUS; this is only on NEW products and services! Used items will not be taxed a second time! AND, we still have to press"1' for English!
Hank Van Gieson July 28, 2011 at 02:01 PM
Amerigo, You still don't get it! The 1997 study by Dale Jorgenson on embedded taxes did conclude that on average, the embedded cost of federal taxes was 22%. But he included employee pay and FICA amounts in that 22%. If you agree that we are going to get 100% of our pay/pensions, then strictly business tax related costs come to 10% of sales. Remove 10%, apply those savings just to reducing prices, and retail prices will rise by 17% on average. Simple math. My analysis is based on 2007 actual revenue amounts. The AFFT Director of Research suggests that business tax costs are 12%. The difference is our handling of compliance costs, a subject for another time. I also hope you are aware that your income will be reported to the SSA, and your household size and makeup will be included on your prebate registration form. The government is still in your pocket to some extent.


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