Monday November 23, 2009 9:39 AM ET
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Gloom and Doom? Nah; Just for the U.S.
An interview with Peter D. Schiff: The U.S. wouldn't be afloat without help.
 
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Posted by: whs806
The US economy is on the ropes for many reason, one of the main reason is our Tax Policy. Our tax policy is the 2nd worst in the world for corporations and results in the export of American jobs and imports of everthing from energy to food. The fix the problem, we need to implement the Fair Tax Plan. The Fair Tax Plan is revenue neutral to the Federal Government and eliminates corporate tax, income tax, social security tax, and medicare tax. They are replaced by a simple retail sales tax.

Those 12 million illegal citizens, the underground economy, and 50 million tourists per year will pay tax under the Fair Tax Plan. The Fair Tax Plan does not tax work or savings! Only spending!

It will reduce the cost of American exports 22% due to the hidden taxes in our current exports and bring those lost American jobs back home!

It will untax every American up the the poverty level thru a monthly prebate check and the 240 billion dollars spent filling out tax retu...(Read more of this comment)
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