Some Republicans are pushing for a bill that would eliminate income taxes and abolish the Internal Revenue Service in exchange for one nationwide sales tax.
The Fair Tax Act, introduced by Rep. Earl L. “Buddy” Carter (R-GA), would create a 30 percent sales tax on all purchases, while allowing Americans to keep their entire paycheck.
House Speaker Kevin McCarthy reportedly promised to give the bill a hearing during his prolonged bid for the speakership gavel — though he has since expressed opposition to the bill.
Democrat leaders held a press conference Wednesday afternoon speaking out against the Act.
“The Fair Tax Act is another example of the extremist agenda that Republicans are trying to jam down the throats of the American people,” House Democratic leader Hakeem Jeffries said. “The so-called Fair Tax Act is unfair, unconscionable and un-American.”
Senate Majority Leader Chuck Schumer expressed similar concerns, calling it dangerous for all Americans.
“Americans are worried about inflation and the Republican party, many of them, are saying we want to increase your price at what you pay by another 30 percent,” Schumer said. “The so-called Fair Tax plan is the craziest yet.”
Meanwhile, Carter defended the Act in a tweet: “The Fair Tax gives power back to the Americans and takes it away from the unelected bureaucrats in the IRS.” Still, the bill has little chance of getting through a Democratic-controlled Senate and White House.