(Presidentialwire.com)- House Republicans are quickly getting started on rolling out a conservative agenda now that they’ve taken control of the lower chamber of Congress.
Fox News Digital reported earlier this week that the House GOP would soon bring up a bill for a vote that would see the Internal Revenue Service abolished. The bill would also get rid of the national income tax, replacing it with a consumption tax.
The proposal is called the Fair Tax Act, and it will soon be re-introduced by Republican Representative Buddy Carter of Georgia. Carter’s bill seeks to simplify federal taxes — and the IRS as a result — down into one individual consumption tax.
The bill is going to get a vote thanks to the deal Representative Kevin McCarthy made with the House Freedom Caucus so that he could secure the gavel as the Speaker of the House.
In a press release sent this week, Carter said:
“Co-sponsoring 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. 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.”
South Carolina Representative Jeff Duncan put out his own statement on the situation, saying that he’s a former owner of a small business, which means he understands the “unnecessary burden” that the country’s current tax system puts on people.
He explained:
“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.”
If the bill were to pass, it would eliminate both federal corporate income taxes and personal income taxes. It would also abolish the IRS — instead of adding 87,000 new agents as the last Congress passed — and implement a sales tax on a national level.
In other words, instead of taxing people based on the amount of money that they earn, people and corporations would be taxed based on how much they spend.
Also gone under the bill would be payroll, gift and death taxes. The national consumption tax would also replace the U.S. tax code that’s currently in place.
There are 11 co-signers of the bill. While it has a chance to pass in the Republican-led House, it stands little chance of doing the same in the Senate. In fact, it’s very likely that if it were to pass in the House, the Democrat-led Senate wouldn’t even consider it at all.
This means that the bill will likely be seen as an indictment of the Biden administration and a note to the White House that the GOP-led House is not going to pass massive spending bills.
