In 2003, Armey became co-chairman of Citizens for a Sound Economy, which in 2004 merged with Empower America to become FreedomWorks. The group's name was derived from a common Armey saying: "Freedom works. Freedom is good policy and good politics." FreedomWorks is a conservative non-profit organization based in Washington D.C.. In his role as chairman, Armey was a national political figure. He traveled widely, meeting with activists and legislators. In 2005, he testified before the President's Advisory Panel on Tax Reform and debated Governor of Colorado Bill Owens on a tax increase ballot measure. The Center for Public Integrity reported that Armey was paid $500,000 per year and flew first class, along with other FreedomWorks employees, for work travel.