Bert Loftman, who is running for the Republican nomination for the U.S. House of Representatives for District 9, wants to scrap the income tax and replace it with the “fair tax,” a 23 percent national sales tax.
“The income tax taxes income before people can get it into their pockets, so it’s anti-savings,” he said.
Loftman, a retired neurosurgeon and Vietnam veteran who lives in Marble Hill, is running for the seat being vacated this year by Rep. Nathan Deal, R-Gainesville, who is running for governor. District 9 includes Whitfield and Murray counties. Loftman spoke to The Daily Citizen during a campaign stop in Dalton.
Loftman, 68, said the keys to boosting savings and getting the U.S. economy back on track are replacing the income tax with the fair tax and auditing the Federal Reserve and getting it under control. Loftman blamed the Fed, which is the United States central bank, with inflating the money supply and robbing the dollar of its value.
“The Federal Reserve Bank legally counterfeits money,” he said. “The dollar is worth 8 cents compared to what it was in 1913.”
In fact, the Minneapolis Federal Reserve’s Web site says that $1 in goods purchased in 2009 would cost just 5 cents in 1913, when the Federal Reserve was founded.
Loftman, who cites novelist-philosopher Ayn Rand as an influence, previously ran for U.S. Senate on the Libertarian Party ticket in 1998. He and his wife Bunny have been married 46 years and have three children and five grandchildren.
For more information on Loftman on the Web, go to www.loftmanforcongress.com.
Local News
February 4, 2010
Congressional candidate says fair tax would create jobs
- Local News
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Kiwanis Club to try new fundraiser
The Kiwanis Club of Dalton has started a new fundraiser club members hope will supplement income for the group’s annual “Pancake Day” breakfast at Dalton Green.
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