Kevin Colby: News, culture, political blog

Did you know that Harry Reid has decided to slip a little something extra into this auto bailout for the Big Three?  This bailout will not only help GM, Ford and Chrysler, but also a pay raise for federal judges.

Did you know that your Senators and your Congressmen are getting a $5,000 raise on January 1st?  Let’s see, these Congressmen already make $169,300 a year and they will be awarded an almost 3% raise.  But my question is for what?  Do you think they deserve a raise after the trillions of tax dollars they have spent and have put your children and grandchildren on the hook for it?  Now this federal judge raise is a COLA - cost of living adjustment - but let me ask you this .. how many of you out there who own your own business are giving $5,000 cost of living adjustments to your employees right now? How many of you have worked for years without a raise that won’t even keep up with inflation? Or a raise at all?

But Congress is getting one. And if this bailout bill passes, these US District court judges will be getting an “adjustment” to their pay while you bust your ass at work and pay an income tax to support these fools.

We need to pass the Fair Tax Act. What is the Fair Tax? The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.

* Enables workers to keep their entire paychecks
* Enables retirees to keep their entire pensions
* Refunds in advance the tax on purchases of basic necessities
* Allows American products to compete fairly
* Brings transparency and accountability to tax policy
* Ensures Social Security and Medicare funding
* Closes all loopholes and brings fairness to taxation
* Abolishes the IRS

Bill Archer, former head of House Ways and Means Committee did a survey on the fair tax. The survey was conducted among 500 European companies. One simple question was asked, ” What would you do if the U.S. installed the FairTax.” The responses where astounding. Four hundred said they would build their next plant here. The remaining one hundred said they would move their corporate headquarters here. My guess is that this would be just the tip of the iceberg as to what would follow. Our current tax code does the exact opposite. Product labels would contain the same foreign corporate names but the labels would also contain ” MADE IN THE U.S.A.”

For more info on the Fair Tax. Link (www.fairtax.org)