How the FairTax Helps America's Economy...
- The United States will become a “tax-haven” for both American and
foreign investors and bring money back to America. That’s because there will be a 0% tax
on income earned. This means our stock market will perform better, and if we’re smart,
we’ll invest in it and start building wealth!
- Rich folk will move their “hidden” overseas money—estimated at $11 trillion—back
into the United States, putting it back into our banking system. That, along with our increased
savings and foreign investments will lower interest rates by 22-25%.
- Lower interest rates will create a housing and retail boom. That, combined
with foreign investments, will help bring some factories and manufacturing jobs back home to
the U.S. Even more than that, it will provide capital for small business owners to grow their
own business and put more people to work here.
- The reduced cost of doing business will ensure American exports become more competitive, which
will also help create manufacturing jobs at home.
- The economy will grow 10% in the first year the FairTax is implemented.
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