The proposal reportedly has a slim chance of passing.
House speaker Kevin McCarthy agreed to put the Fair Tax Act on the floor as one of a number of concessions he made to House Freedom Caucus members last week in a bid to secure the speakership. The bill was introduced by Representative Buddy Carter on Wednesday and has also received the support of Republican representatives Scott Perry of Pennsylvania, Bob Good of Virginia, and Ralph Norman of South Carolina.
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.to National Review,"will assuredly fail in the Democratic-controlled Senate.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
House Freedom Caucus has moved from the fringe to center stageHouse Freedom Caucus members were pariahs. But as the lines between the Republican fringe and the Republican mainstream blur, now they’re ascendant.
Baca lebih lajut »
Here's why I call New Democrat Coalition the 'Can Do Caucus'The vast majority of new Democrats are part of the nearly 100 Member, center-left New Democrat Coalition in the House.
Baca lebih lajut »
‘Prescribe freedom’: Ron DeSantis proposes permanent end to COVID mandates in FloridaGov. Ron DeSantis (R-FL) is seeking to protect Florida from the “biomedical security state” with legislation to ban COVID-19 vaccine and mask mandates.
Baca lebih lajut »
Biden’s student loan freeze, Fed rate hikes weigh on debt limit deadlineCongress will have a shorter-than-expected window to negotiate a debt limit increase this year thanks to policy decisions by both the Biden administration and the Federal Reserve
Baca lebih lajut »