{
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Buddy Carter proposes Fair Tax Act to eliminate IRS and simplify taxes

Representative Earl Carter has introduced the Fair Tax Act (H.R. 25), aiming to abolish the IRS and replace the current tax system with a national consumption tax. This legislation would eliminate personal and corporate income taxes, payroll taxes, and others, simplifying compliance and promoting economic growth. While supported by several Republican representatives and advocates for free-market principles, critics warn that the consumption tax could disproportionately affect lower-income individuals.
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United States Dollar Apple Inc. USA Andrew Clyde John Linder Asa Earl Carter Marisa Coppel Scott Perry John Carter Barry Loudermilk Eric Burlison Show more
Finance & Economy, News Article
15:09 13.01.2025

Congressman Buddy Carter proposes Fair Tax Act to abolish IRS and simplify taxes

US Congressman Buddy Carter has introduced the Fair Tax Act, aiming to abolish the IRS and replace the current tax system with a national consumption tax. The legislation, supported by several Republicans, seeks to eliminate personal and corporate income taxes, while requiring unauthorized immigrants to pay taxes without the consumption allowance given to legal residents.
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USA Andrew Clyde John Linder Asa Earl Carter Buddy Carter Scott Perry John Carter Barry Loudermilk Eric Burlison Show more
Finance & Economy, News Article
03:03 13.01.2025
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