Tags: saxby | chambliss | FairTax | Minnesota | tax | reform

Minnesota Group: Revamp America's Tax System

Saturday, 26 Feb 2011 05:28 PM

FairTax Minnesota continues to lobby for revamping the country’s tax system by replacing the income tax with a tax on consumption, the Bemijdi Pioneer reports.

Rob Benson, the communications director for FairTax Minnesota, is saxby,chambliss,FairTax, Minnesota, tax, reformpresenting his group’s ideas across the state. The consumption tax idea is backed by U.S. Sen. Saxby Chambliss and U.S. Rep. Rob Woodhall, both Republicans of Georgia.

The proposed changes in the tax system would abolish all federal taxes on personal and corporate income, gifts, estate, capital gains, Social Security, Medicare and self-employment. All those taxes would be replaced by one simple federal retail sales tax administered primarily by existing sales tax authorities in each state, according to FairTax Minnesota’ website.

The consumption tax would raise more money than the current system. And it would allow workers to keep their entire paycheck, the newspaper reported. The proposal has been supported in the past by Minnesota U.S. Rep. Collin Peterson.

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

The 2016 'Book Race': GOP Candidates Like Ben Carson, Huckabee Sell Like Hotcakes

Friday, 30 Jan 2015 20:50 PM

If potential Republican presidential candidates' recent book sales are a strong indication of their electability, then B . . .

Smoke on Boston Train Scares Passengers Who Bust Out Windows to Escape

Friday, 30 Jan 2015 19:37 PM

A commute on Boston's Red Line Thursday morning turned into chaos as smoke filled the train and passengers broke out win . . .

Seth Jackson Sentence: Foster Dad Gets 32 Months in Hot Car Death

Friday, 30 Jan 2015 18:50 PM

Kansas foster dad Seth Jackson was sentenced to 32 months in prison Friday for the July death of a 10-month-old girl who . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved