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Myth v. Fact: The FairTax Act

| Posted in Buddy's Budget Blog

MYTH: The FairTax rate is really 30 percent not 23 percent. Our current income tax is expressed as an inclusive rate. When directly comparing the FairTax to our current income tax, the FairTax rate is 23 percent. Under the FairTax, if you pay $100 for a good, you pay $77 for the good and an inclusive $23 tax. If you take the $23 as a percentage of the $100 tendered, the tax rate…

Carter introduces Fair Tax Act

| Posted in Press Releases

WASHINGTON, D.C. – Rep. Earl L. “Buddy” Carter (R-GA) today introduced H.R. 25, the Fair Tax Act, to replace the current tax code with a national consumption tax known as the Fair Tax. “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,” said Rep. Buddy Carter. “Instead of adding…

Carter celebrates Georgia gas tax freeze

| Posted in Press Releases

WASHINGTON, D.C. – The State of Georgia is officially on a gas tax holiday. Rep. Earl L. “Buddy” Carter (R-GA) applauded Governor Brian Kemp’s signing of legislation that places a temporary freeze on Georgia’s state gas tax to combat rising prices at the pump. “Our state leaders are mending the holes the Biden Administration burned in Georgian’s wallets. Gas prices are simply…

Carter joins bill to end IRS backlog

| Posted in Press Releases

WASHINGTON, D.C. - Rep. Earl L. "Buddy" Carter (R-GA) joined 11 cosponsors, including co-leads Congressmen Bruce Westerman (R-AR) and Fred Keller (R-PA), in introducing the IRS PRIORITIES Act to address the Internal Revenue Service's (IRS) overwhelming backlog of more than 8 million unprocessed individual tax returns. The bill prohibits the IRS from hiring additional tax…

Carter Votes to Make Tax Relief for Georgians Permanent

| Posted in Press Releases

Congressman Earl L. "Buddy" Carter (R-Ga.) voted today to make the individual and small business tax cuts in the Tax Cuts and Jobs Act, which was signed into law last year, permanent. The nonpartisan Tax Foundation estimates this move to make the individual income tax provisions included in the new tax law permanent would create 1.5 million jobs and raise long run GDP by…

Carter Message on Tax Day

| Posted in Press Releases

Congressman Earl L. "Buddy" Carter (R-Ga.) released the following message on Tax Day 2018 - the last time Americans will file taxes under the old, burdensome tax code before the Tax Cuts and Jobs Act is fully implemented.  Click here to view Carter's Tax Day message. Full…

Carter Talks Tax Reform at Lee Container

| Posted in Press Releases

Congressman Earl L. "Buddy" Carter (R-Ga.) met with employees at Lee Container in Homerville this week to discuss the benefits of tax reform for businesses in the First District of Georgia.  Rep. Carter discussing tax reform with the president of Lee Container,Robert Varnedoe Speaking during the visit about the…

Confirmed: Tax Bill Increases Paychecks for 9 in 10 Taxpayers

| Posted in Press Releases

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) confirmed today that hardworking Americans will receive bigger paychecks due to the Tax Cuts and Jobs Act.  The IRS released new withholding guidelines today for employers to implement the Tax Cuts and Jobs Act. According to the Treasury, "with this guidance, most American workers will begin to…

Carter Applauds Protection of Federal Historic Preservation Tax Incentives

| Posted in Press Releases

Congressman Earl L. "Buddy" Carter (R-Ga.) today praised the conferenced version of the Tax Cuts and Jobs Act which maintains the Federal Historic Preservation Tax Incentives program. Carter fought to protect these historic tax credits in the final agreement.  "As soon as I heard these historic tax credits were on the line, I went straight to the chairman of the House…