[Congressional Record Volume 157, Number 55 (Thursday, April 14, 2011)]
[House]
[Page H2674]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
{time} 1110
H.R. 25--THE FAIR TAX
(Mr. WOODALL asked and was given permission to address the House for
1 minute.)
Mr. WOODALL. Mr. Speaker, tomorrow is Tax Day. I am sure there are
some folks out there who haven't quite filled out all of their forms
yet, who haven't quite finished up all of that paperwork yet, but it
doesn't have to be that way. There are alternatives to change the Tax
Code in this country, and one of those alternatives is the Fair Tax,
H.R. 25, which was introduced in this House.
The Fair Tax, H.R. 25, is the only bill in Congress to eliminate the
incentive that American companies have to move American jobs overseas.
The Fair Tax is the only bill in Congress to change the Tax Code so
that those jobs that have moved overseas and so that those dollars that
have gone overseas have an incentive to return. The Fair Tax is the
only bill in Congress that abolishes the payroll tax--that 15.3 percent
FICA tax, which is the highest tax that 80 percent of working American
families pay.
The Fair Tax, H.R. 25, is a different way and a better way, and we
can make April 15 just another spring day.
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