With the present tax system choking job creation, tax reform should be seen as a moral as well as an economic issue. The regressive payroll tax, the largest tax that 80 percent of Americans pay, increases the cost of hiring and cuts take-home pay. Huge costs of compliance with 74,000 pages of tax code and other tax costs limit our ability to export and compete with imports that don't have these costs.

With 75 co-sponsors in the House of Representatives, the Fair Tax Act has several times the support received by any other tax reform measure.

Businesses would only have to report how much they sell, which most of them do already for state sales taxes. Individuals would only report to the federal government the number of members in their families and their Social Security numbers, not the amount of income. The IRS and Form 1040 would go away. Using a rebate paid in advance, the Fair Tax would exempt the poor and only the poor from paying taxes. The Fair Tax would unleash the economy and accelerate job growth.