Congressman Mica, what is your view on HR 25, the Fair Tax Plan?
I believe our current system of taxation has grown into a confusing, unfair and burdensome system. That does not even take into consideration the mounting cost to run a huge IRS bureaucracy or the cost of an army of CPAs and accountants to prepare the mountains of forms required by current tax law. I agree with you that there must be a better way.
I have been a cosponsor of H.R. 25 and a supporter of the Fair Tax Bill in both the 109th Congress and in this current 110th Congress. The time for Congress to act on the important issue of tax reform is sooner rather than later. With 70 cosponsors, H.R. 25 has more cosponsors than any other fundamental tax reform legislation in the previous 34 years. In spite of this support, no hearings have been held and the current House Leadership has refused to consider the measure.
I believe we can develop a smooth transition to a new tax system. I am confident that once implemented the Fair Tax plan will be simpler for taxpayers and easier to understand, and eliminating the IRS will greatly reduce paperwork, bureaucracy and the drain on our economy.
I have testified before the House Ways and Means Committee to express my support for the Fair Tax Proposal. To review my testimony follow this link - Ways and Means Testimony
I have urged Congressman Rangel, the Chairman of the House Ways and Means Committee to schedule a hearing and Fair Tax author, John Lindner has personally met with the Chairman in an effort secure a commitment to a hearing. Rather than address tax reform, the current house leadership has acted to raise taxes, recently voting a $683 billion tax increase on American taxpayers.
We need to redouble our efforts to give the Fair Tax a fair hearing and ensure that a full and open debate relating to tax reform takes place.
For additional information or to read the Fair Tax plan, follow this link - HR 25
Congressman Mica, do you support cutting personal income taxes?
Since coming to Congress I have been a strong supporter of reducing the annual tax burden on America's families. Allowing individuals to keep more of their hard earned money promotes economic growth and is better invested in the economy than in Washington. I have supported many proposals to cut taxes on capital gains, dividends, personal income, corporations, family estates as well supported the child tax credit and marriage penalty elimination. |