National Discussion on the Fair TaxNovember 12, 2014
On Monday, Nov. 17, 2014, the Heritage Foundation will host a high-level discussion on broad tax reform, namely, the Fair Tax, featuring NSBA President and CEO Todd McCracken. Joining McCracken will be Rep. Rob Woodall (R-Ga.), Steve Hayes, Chairman of Americans for Fair Taxation and Heritage Senior Fellow in Economic Policy David Burton.
A staunch advocate for broad tax reform and simplification, NSBA was the first small-business organization to endorse the Fair Tax—a 23-percent, single rate, national retail sales tax which would be applied to the sale of all consumer goods and services at the final point of consumption. Complexity of the tax code remains a significant challenge for small business with the majority saying they spend more than 40 hours per year dealing with federal taxes, according to NSBA’s Taxation Survey. In fact, when ranking the most significant challenge to their business posed by federal taxes, the majority, 53 percent, picked administrative burdens while 47 percent said financial burdens.
During Monday’s discussion, McCracken and Mr. Wodall, Mr. Hayes and Mr. Burton will discuss why the Fair Tax would deal with these issues as well as imbue the tax code with greater fairness for individuals at all income levels.
Please click here to register for the event either in person or to view the webcast.