The Florida Legislature says end the IRS!
In a little noticed act at the end of this year's session, the Florida House and Senate called for an end to the U.S. income tax system. On May 22, Secretary of State Ken Detzner sent notice of that vote to President Obama, Vice President Biden (in his role as president of the Senate), House Speaker John Boehner, and all members of the Florida delegation.
Our legislators said all forms of federal income taxes should be replaced with pending federal legislation known as the "FairTax" (H.R.25/S.122).
If enacted, the FairTax would defund the IRS over a three-year period. It has 74 co-sponsors in the House and eight in the Senate, more than any other tax proposal.
The corrupt, inefficient IRS would be gone. In its place, state agencies, most of them experienced in sales tax collection, would be paid to collect the new federal consumption tax from all businesses.
The businesses, too, would be compensated for their paperwork in handling the new system.
With no IRS deductions, all workers would see substantial increases in take-home pay.
And while it's been claimed the FairTax will hurt low-income people, nothing could be further from the truth. Those living at or below the poverty line would have an effective tax rate of "0."
The middle class would pay 11 to 16 percent, depending on how much they spend (not on what they earn). The wealthy would see an effective tax rate between 17 and 23 percent.
Today 11 of Florida's 27 U.S. representatives are FairTax co-sponsors. The key holdout is Bradenton/Sarasota's Vern Buchanan. His vote on the House Ways and Means Committee may decide if the committee passes HR 25 for a vote by the full House.
Call Congressman Buchanan at (941) 951-6643. Tell him to support the FairTax.
Note: The Florida legislators' vote took the form of a quaint but official document called "Senate Memorial 118." It expresses the will of the Florida House and Senate.