Save Independence Day

[Guest guest]

While you and everyone else is having a safe Independence Day, why

not copy and pass the following out. It is true and the truth is

the only thing that is going to set us free!

 

Therefore I am having a Save Independence Day!

 

H.R.2525 - Fair Tax Act of 2001 (Introduced in House)

 

 

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SEC. 2. CONGRESSIONAL FINDINGS.

 

(a) FINDINGS RELATING TO FEDERAL INCOME TAX- Congress finds that the

Federal income tax--

 

(1) retards economic growth and has reduced the standard of living

of the American public;

 

(2) impedes the international competitiveness of United States

industry;

 

(3) reduces savings and investment in the United States by taxing

income multiple times;

 

(4) slows the capital formation necessary for real wages to steadily

increase;

 

(5) lowers productivity;

 

(6) imposes unacceptable and unnecessary administrative and

compliance costs on individual and business taxpayers;

 

(7) is unfair and inequitable;

 

(8) unnecessarily intrudes upon the privacy and civil rights of

United States citizens;

 

(9) hides the true cost of government by embedding taxes in the

costs of everything Americans buy;

 

(10) is not being complied with at satisfactory levels and therefore

raises the tax burden on law abiding citizens; and

 

(11) impedes upward social mobility.

 

(b) FINDINGS RELATING TO FEDERAL PAYROLL TAXES- Congress finds

further that the social security and medicare payroll taxes and self-

employment taxes--

 

(1) raise the cost of employment;

 

(2) destroy jobs and cause unemployment; and

 

(3) have a disproportionately adverse impact on lower income

Americans.

 

© FINDINGS RELATING TO FEDERAL ESTATE AND GIFT TAXES- Congress

finds further that the Federal estate and gift taxes--

 

(1) force family businesses and farms to be sold by the family to

pay such taxes;

 

(2) discourages capital formation and entrepreneurship;

 

(3) fosters the continued dominance of large enterprises over small

family-owned companies and farms; and

 

(4) imposes unacceptably high tax planning costs on small businesses

and farms.

 

 

 

The above can be found by going to the following government web

site: http://thomas.loc.gov/home/thomas.html then click on `Bill

Text 101st - 108th' then click on `107' then enter `HR 2525' in the

section titled `Bill Number' and enter `SEC. 2. CONGRESSIONAL

FINDINGS' in the section titled `Word/Phrase', then click on search.

You will need to click on `SEC. 2. CONGRESSIONAL FINDINGS' again!

They have changed how to get to here three times. And after you

read it you will understand why!

 

 

 

H.R.2525 Sponsor: Rep Linder, John(introduced 7/17/2001)

Latest Major Action: 7/17/2001 Referred to House committee. Status:

Referred to the House Committee on Ways and Means.

 

 

" By Mr. LINDER (for himself, Mr. PETERSON of Minnesota, Mr. YOUNG

of Alaska, Mr. HALL of Texas, Mr. LEWIS of California, Mr. BARCIA,

Mr. BONILLA, and Mr. CONDIT):

 

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