Mon, January 13, 2025
[ Mon, Jan 13th ]: CNN
Defense pick Pete Hegseth repeatedly criticized r .. oving names of Confederate generals from US bases
[ Mon, Jan 13th ]: Reuters
California Democrats put on the backfoot as wildfires - and criticism - rage
[ Mon, Jan 13th ]: Sky
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[ Mon, Jan 13th ]: MSN
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[ Mon, Jan 13th ]: MSN
PM Modi attends Sankranti, Pongal celebrations at Union Minister Kishan Reddy's residence
[ Mon, Jan 13th ]: PBS
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[ Mon, Jan 13th ]: MSN
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[ Mon, Jan 13th ]: MSN
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[ Mon, Jan 13th ]: MSN
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[ Mon, Jan 13th ]: MSN
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[ Mon, Jan 13th ]: MSN
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[ Mon, Jan 13th ]: MSN
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[ Mon, Jan 13th ]: Yahoo
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[ Mon, Jan 13th ]: MSN
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[ Mon, Jan 13th ]: MSN
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[ Mon, Jan 13th ]: Politico
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[ Mon, Jan 13th ]: MSN
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[ Mon, Jan 13th ]: MSN
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Buddy Carter's Bill to Abolish IRS and Overhaul Tax Code Aims to Cut National Debt

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Earl LeRoy "Buddy" Carter, the US representative for Georgia's 1st Congressional district, announced the introduction of H.R. 25, the Fair Tax Act, via a 9th January press release to replace the current US tax code.
Representative Buddy Carter has introduced a bill aimed at abolishing the Internal Revenue Service (IRS) and completely overhauling the U.S. tax code. The proposed legislation, known as the Fair Tax Act, seeks to replace all federal income taxes with a national sales tax. This move is intended to simplify the tax system, reduce the national debt, and eliminate the need for the IRS. The bill suggests that this new tax system would encourage economic growth by allowing individuals to keep more of their earnings, potentially leading to increased consumer spending. Critics, however, argue that a national sales tax could disproportionately affect lower-income families, who spend a larger portion of their income on consumption. The proposal has sparked a significant debate on tax policy, economic fairness, and government revenue collection methods.

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[ https://www.msn.com/en-gb/politics/government/buddy-carter-s-bill-to-abolish-irs-and-overhaul-tax-code-aims-to-cut-national-debt/ar-BB1rnKK5 ]