Perdue, Moran & Woodall Lead FairTax Effort in Congress

WASHINGTON, D.C. – On April 15, Tax Day, U.S. Senators David Perdue (R-GA) and Jerry Moran (R-KS) and U.S. Representative Rob Woodall (R-GA-07) issued the following statements in support of S. 155 and H.R. 25, the FairTax Act of 2015. A proposal to remove all aspects of the current income tax code and replace it with a system based on consumption of new goods and services, the FairTax has been introduced and championed by Representative Woodall since coming to Congress, with Senators Perdue and Moran now leading the charge in the U.S. Senate. With 74 supporters, it remains one of the most widely supported fundamental tax reform bills in Congress.

“We are in a full-blown fiscal crisis, and we need to take bold steps to get our country back on track,” said Senator Perdue. “We can’t just tax our way out of this crisis, and we can’t just cut our way out. We must grow the economy, and the FairTax is an important step in the right direction. The FairTax will help level the playing field and encourage American innovation and investment to make our economy more competitive. That kind of thriving economic activity is a necessity if we are ever going to pay down this outrageous debt and make life work better for Georgians and American families.”

“The inefficient and burdensome tax filing process each April serves as an important reminder to Americans that our tax system is fundamentally flawed and in need of significant reform,” said Senator Moran. “Fortunately, there is a better way: the FairTax. By removing existing income taxes and associated loopholes, exemptions and credits, the FairTax would end the convoluted tax-filing process, boost the economy, and make the tax code so simple that we could eventually close the IRS for good. The economic need for a leaner and fairer tax code has never been greater and adopting the FairTax should be a Congressional priority.”

“Whether to encourage economic growth and productivity or to rein in the size and scope of the federal government, fundamental tax reform is long overdue,” said Representative Woodall. “The FairTax offers that reform, but is so much more than just another effort to adjust the existing tax code. It does what no other proposal in Congress does – it removes our broken and oppressive system by its roots – replacing it with an approach consistent with the American spirit of innovation, and the American principles of freedom and opportunity. By rejecting the notion that Washington knows best, and returning that power to the American people, we can unleash our economy while protecting individual liberty, and providing taxpayers with a simple and transparent process. Under the FairTax, April 15 would once again be just another spring day.”