The FairTax plan reduces the cost of American manufacturing considerably. Under the FairTax, American manufactured goods and services no longer enter the marketplace burdened with hidden corporate taxes, the cost of compliance with such taxes, and Social Security employee matching. This amounts to an average cost reduction from 12 percent to in some cases more than 25 percent. Said another way, American goods become 12 to 25 percent more competitive. The FairTax levels the playing field. Under the FairTax, imported goods and domestically produced goods incur the same U.S. tax. This stands in stark contrast to the present system, where...
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Why the FairTax benefits manufacturing
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