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For Immediate Release
September 26, 2001
Contact: Genie Hayes
1-800-FAIRTAX ext. 105

The FairTax Offers Stimulus for Economic Slowdown

Is an economic stimulus package on the horizon? Will Republicans and Democrats come together for elimination of the payroll tax and a capital gains tax cut in the near future?

Reporting on ABC's "This Week," Cokie Roberts said Sunday that Lawrence Lindsey, President Bush's chief economic advisor, and Robert Rubin, former Democratic Treasury Secretary, discussed last week which taxes would best be cut or changed to provide economic stimulus. According to Cokie, Lindsey "talked about corporate taxes" and Rubin said, "If they were going to do anything, they should maybe stop the payroll tax or cut into it . . . "

Carrie Kelleher Ardelean, Vice President of Operations with Americans for Fair Taxation, agrees with Washington leadership that something needs to be done to stimulate the economy. "What we really need is not to be selective, and we should refuse to allow Washington to choose winners and losers. The FairTax a federal consumption tax that will replace the entire federal income tax system will be fair to all Americans and allow everyone to keep 100% of their paychecks. It will replace the personal, payroll, corporate, self-employment, capital gains, gift, and inheritance taxes. The FairTax plan will thereby satisfy many of the current concerns of both parties."

According to Carrie Ardelean, "The FairTax will stimulate economic growth and investment. It will generate unprecedented numbers of new jobs. The FairTax will finally liberate all Americans from the income tax, and it will put choice and control back into the hands of every American."

Americans for Fair Taxation is a non-profit, non-partisan organization dedicated to replacing our federal income tax system with a simple, single-rate federal consumption tax on the final purchase of new goods and services.  Established in 1995, Americans for Fair Taxation is headquartered in Houston, Texas with an office in Washington, D.C. and is supported by 418,000 members and Volunteers throughout the country.  To schedule an interview with one of our spokespersons, ask for Genie Hayes at 1-800-FAIRTAX.  For more information on the FairTax, please visit www.fairtax.org.

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Print for Distribution
Posted 9/26/01