For a very long time, people have threatened to fundamentally reform the American taxation system—almost invariably Republicans. There have been other adjustments proposed, but we usually end up with the same progressive-scale tax structure that we have had for as long as anyone can remember, with the occasional adjustment to the rates. However, the Fair Tax Act will now be put to a vote by the newly elected House Majority.
If passed, it will completely eliminate the Internal Revenue Service and institute a national consumption tax in place of the current tax system. This could be just what we need to restore American greatness and prosperity! And this would be one of the biggest moves the Republicans have pulled off in decades if not longer.
According to Fox News who first reported:
“Republicans in the House of Representatives will vote on a bill that would abolish the Internal Revenue Service (IRS), eliminate the national income tax and replace it with a national consumption tax.
Fox News Digital has learned that the House will be voting on Georgia Republican Rep. Buddy Carter’s reintroduced Fair Tax Act that aims to reel in the IRS and remove the national income tax, as well as other taxes, and replace them with a single consumption tax.
The vote on the bill was made as part of the deal between House Speaker Kevin McCarthy, R-Calif., and members of the House Freedom Caucus and was pushed forward in his quest for the gavel last week.”
Carter said in a press release exclusively obtained by Fox News Digital:
“Cosponsoring this Georgia-made legislation was my first act as a Member of Congress and is, fittingly, the first bill I am introducing in the 118th Congress,”
He added, “Instead of adding 87,000 new agents to weaponize the IRS against small business owners and middle America, this bill will eliminate the need for the department entirely by simplifying the tax code with provisions that work for the American people and encourage growth and innovation,”
“Armed, unelected bureaucrats should not have more power over your paycheck than you do,” he said.
Rep. Jeff Duncan, R-S.C., also said:
“As a former small business owner, I understand the unnecessary burden our failing income tax system has on Americans. The Fair Tax Act eliminates the tax code, replaces the income tax with a sales tax, and abolishes the abusive Internal Revenue Service. If enacted, this will invigorate the American taxpayer and help more Americans achieve the American Dream.”
“I support the Fair Tax because it simplifies our tax code. This transforms the U.S. tax code from a mandatory, progressive, and convoluted system to a fully transparent and unbiased system which does away with the IRS as we know it. It is good for our economy because it encourages work, savings, and investment. Thank you to my colleague Rep. Buddy Carter for leading this effort to simplify the system for American taxpayers,” while Rep. Bob Good, R-Va., who also supported the fair tax said.
Rep. Kat Cammack, R-Fla., on the other hand also supported the move by saying:
“I’m very proud to once again co-sponsor the FairTax Act. We’ve seen a continued growth of the IRS and a persistent punishment of hardworking Americans via the tax code. What we’re calling for is a simplified and fair code that works for all, not just some.”
Sources: TheBeltwayReport, Foxnews, NationalReview
All ‘hard working Americans’ have the underlying business benefit of American stability, economic systems and legal protections. Some of this comes from having an income tax federally. Abolishing the IRS will put an unequal burden on poor and low income people in this proposed consumption tax. The rich can afford paying taxes every time they buy something; ordinary and poor Americans cannot. This is a bogus effort to eliminate a yearly accountability action in reporting income for taxation. People can’t cheat under IRS regulations; the rich pay relatively more under IRS tax scales that increase with income. Vote ‘no’ congress on abolishing the IRS.