Yep... the Republicans are back pushing the Fair Tax Act against which would do away with federal income tax and replace it with a 30% National Sales Tax.
Republicans worry a national sales tax bill would be a ‘political gift’ for Democrats
https://www.semafor.com/article/01/...-bill-would-be-a-political-gift-for-democrats
As part of his deal to become House speaker, Kevin McCarthy reportedly promised his party’s conservative hardliners a vote on legislation that would scrap the entire American tax code and replace it with a jumbo-sized national sales tax.
The assurance got relatively little attention at the time, drowned out by the many other concessions McCarthy made to win his gavel. But with Democrats already attacking the proposal, some conservatives see it as a political headache in the making.
“This is a political gift to Biden and the Democrats,” Grover Norquist, the dean of D.C. anti-tax activists, said in an interview. “I think that this is the first significant problem created for the Republican Party by the 20 people who thought that there was no downside to the approach they took.”
The idea of a “fair tax” that would replace our current IRS code with a single sales tax was popularized on conservative talk radio in the late 1990s. It has kicked around Washington ever since, popping up in the occasional presidential platform, but never received a vote.
Its current champion in Congress is Georgia Rep. Earl “Buddy” Carter, whose Fair Tax Act would swap out the income, payroll, estate, and corporate levies for a 30% national sales tax. It would also send out “prebate” checks to soften the blow on lower income families, all while abolishing the Internal Revenue Service.
“Nobody likes to pay taxes, or at least, I don't know anybody who does,” Carter said in a recent office interview. “But if they are going to pay a tax, I think they would much rather pay a consumption tax as opposed to an income tax.”
Proponents argue the system is superior because it doesn’t punish people for making more money and rewards them for thrift, if they so choose.
“If you don't want to pay a tax, don’t buy it. It's as simple as that,” the Georgia Republican said.
Republicans worry a national sales tax bill would be a ‘political gift’ for Democrats
https://www.semafor.com/article/01/...-bill-would-be-a-political-gift-for-democrats
As part of his deal to become House speaker, Kevin McCarthy reportedly promised his party’s conservative hardliners a vote on legislation that would scrap the entire American tax code and replace it with a jumbo-sized national sales tax.
The assurance got relatively little attention at the time, drowned out by the many other concessions McCarthy made to win his gavel. But with Democrats already attacking the proposal, some conservatives see it as a political headache in the making.
“This is a political gift to Biden and the Democrats,” Grover Norquist, the dean of D.C. anti-tax activists, said in an interview. “I think that this is the first significant problem created for the Republican Party by the 20 people who thought that there was no downside to the approach they took.”
The idea of a “fair tax” that would replace our current IRS code with a single sales tax was popularized on conservative talk radio in the late 1990s. It has kicked around Washington ever since, popping up in the occasional presidential platform, but never received a vote.
Its current champion in Congress is Georgia Rep. Earl “Buddy” Carter, whose Fair Tax Act would swap out the income, payroll, estate, and corporate levies for a 30% national sales tax. It would also send out “prebate” checks to soften the blow on lower income families, all while abolishing the Internal Revenue Service.
“Nobody likes to pay taxes, or at least, I don't know anybody who does,” Carter said in a recent office interview. “But if they are going to pay a tax, I think they would much rather pay a consumption tax as opposed to an income tax.”
Proponents argue the system is superior because it doesn’t punish people for making more money and rewards them for thrift, if they so choose.
“If you don't want to pay a tax, don’t buy it. It's as simple as that,” the Georgia Republican said.
