House Republicans Introduce Bill That Would Shut Down IRS, Abolish Income Tax

  

It sounds far-fetched, but republicans in the House of Representatives have proposed doing away with the IRS and income tax.

Georgia's Representative Buddy Carter introduced the bill, Fox News reported. If passed, the legislation would implement a Fair Tax Act that significantly changes the current taxation protocol in the US.

The bill was co-signed by eleven others, including Cammack, Duncan, Good, Rep. Andrew Clyde, R-Ga., and House Freedom Caucus Chairman Rep. Scott Perry, R-Pa.

Furthermore, the publication reported that the legislation would profoundly limit the IRS's current powers and attempt to eliminate the national income tax and others.

Specifically, the bill does away with the national personal and corporate income taxes and wipes out the IRS. The agency is expected to hire 87,000 new agents unless congressional Republicans stop it and implement a national sales tax.

The bill will also eliminate the death, gift, and payroll taxes, by replacing the current tax code with a national consumption tax.

The vote on the bill was an agreement between House Speaker Kevin McCarthy, R-Calif., and members of the House Freedom Caucus.

"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," Carter said in a press release exclusively obtained by Fox News Digital.

"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," Carter added.

"Armed, unelected bureaucrats should not have more power over your paycheck than you do," he added.

"As a former small business owner, I understand the unnecessary burden our failing income tax system has on Americans," said Rep. Jeff Duncan, R-S.C., in a statement. "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'm very proud to once again co-sponsor the FairTax (sic) Act," said Rep. Kat Cammack, R-Fla., in support. "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."

Adding, "I urge my colleagues to support this commonsense legislation that fights back against the weaponization of the IRS and stops punishing those who work hard to succeed."

The post House Republicans Introduce Bill That Would Shut Down IRS, Abolish Income Tax appeared first on Baller Alert.



via: https://balleralert.com/profiles/blogs/house-republicans-introduce-bill-that-would-shut-down-irs-abolish-income-tax/


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