Fair Tax Amendment

Fair Tax and Balanced Budget Amendment
by Carl Anderson – Hampton Roads Tea Party

Proposed

XXVIII Amendment to the

Constitution of the United States of America

Section 1. The sixteenth article of amendment to the Constitution of the United States is hereby repealed.

Section 2. The Congress shall have power to lay and collect taxes on retail sales of products and services. Congress shall establish the National Sales Tax rate. The National Sales Tax rate shall be limited to a maximum of twenty five percent.

Section 3. The National Sales Tax rate may be raised to exceed twenty five percent in times of National Emergency by a two-thirds vote of both houses and shall be presented to the President of the United States; and before the Same shall take Effect, shall be approved by the President, or being disapproved by the President, shall be re-passed by two thirds of the Senate and House of Representatives. Each such increase shall be in effect for no more than one year.

Section 4. Products imported to the United States will be taxed at the same rate as the National Sales Tax rate in effect at the time the import arrives in the United States. Products exported from the United States shall not be subject to the National Sales Tax.

Section 5. Congress shall not authorize or appropriate expenditures that would exceed income in any fiscal year, except in times of National Emergency by a two-thirds vote of both houses and shall be presented to the President of the United States; and before the Same shall take Effect, shall be approved by the President, or being disapproved by the President, shall be re-passed by two thirds of the Senate and House of Representatives. Each such authorization shall be in effect for no more than one year.

Section. 6. The Congress shall have power to enforce this article by appropriate legislation.

Section. 7. Sections 1, 2, 3, and 4 shall take effect on the 15th day of October following the ratification of this article.

Section. 8. This article shall be inoperative unless it shall have been ratified as an amendment to the Constitution by the legislatures of three-fourths of the several States within seven years from the date of its submission.