America’s antiquated and overly burdensome tax code is the greatest threat to economic opportunity in this country.
My first act as a Member of Congress was to co-sponsor the Fair Tax, which would create a simpler, fairer and flatter tax code to build a stronger economy. The Fair Tax scraps the tax code, abolishes the IRS and eliminates all personal and corporate income taxes, the death tax, gift taxes, and the payroll tax. It replaces them with a single national consumption tax on retail sales.
With the highest corporate tax rate in the world and an overly complex tax code, I believe eliminating the IRS is one of the best moves we can make to empower all Americans to achieve the American Dream.