WASHINGTON, D.C. – Rep. Earl L. “Buddy” Carter (R-GA) today introduced H.R. 25, the Fair Tax Act, a bill to replace the current tax code with a national consumption tax known as the Fair Tax.
The Fair Tax would repeal the current tax code and replace it with a single national consumption tax. In addition to eliminating all personal and corporate income taxes, the death tax, gift taxes, and the payroll tax, the Fair Tax would also eliminate the need for the Internal Revenue Service.
“The Fair Tax is exactly that – fair. It is the only tax proposal out there that is pro-growth, simple, and allows Americans to keep every cent of their hard-earned money, while eliminating the need for the IRS altogether. I’m proud to lead this Georgia-grown legislation that puts the American people, not bureaucrats, in charge of their tax rate,” said Rep. Carter.
Original co-sponsors include: Reps. Andrew Clyde (R-GA), John Carter (R-TX), Scott Perry (R-PA), Eric Burlison (R-MO), John Rutherford (R-FL), Warren Davidson (R-OH), Andy Biggs (R-AZ), Dale Strong (R-AL), Rich McCormick (R-GA), Barry Loudermilk (R-GA), and Andy Harris (R-MD).
“Hardworking Americans should not need a team of lawyers or accountants to fill out their taxes – they need a simple system that encourages growth and innovation. Taxpayers should not have IRS agents targeting them for wanting to keep more of their hard-earned money. That’s why I’m proud to support this Georgia-led legislation – to simplify our tax code and ensure more Americans have an opportunity to achieve the American Dream,” said Rep. Barry Loudermilk (GA-11).
“I’m proud to once again support The FairTax Act. This legislation provides a commonsense solution to eliminate the need for the weaponized IRS, simplify our tax code, and foster economic prosperity. It’s time to enact the FairTax so we can empower hardworking taxpayers and make the American Dream affordable again,” said Rep. Clyde.
“The Fair Tax Act would streamline and simplify our tax code, making sure everyone in our country, including illegal immigrants, pays their fair share. This Congress we have an incredible opportunity to advance a pro-growth tax agenda that allows Americans to keep more of their hard-earned dollars,” said Rep. Strong.
“The Fair Tax simplifies the system while also broadening the revenue base, ensuring everyone contributes fairly while reducing tax loopholes and unnecessary complexity. By encouraging savings and generating stable, predictable income, it provides a sustainable path to reducing our national debt and setting the course for our country to get back on the right fiscal path," said Rep. McCormick.
First introduced into the U.S. Congress in 1999 by former Georgia Congressman John Linder and then carried by Georgia Congressman Rob Woodall, the Fair Tax is the leading tax reform movement in the country. It is the only tax system that is simple, efficient, friendly to economic growth, non-discriminatory, unintrusive, and FAIR.
“The Fair Tax requires immigrants who are in the U.S. illegally to pay taxes, denies them the consumption allowance provided to all legal U. S. residents, and eliminates instances of people using taxpayer-funded resources without paying into the system. President-elect Trump has called for a secure border, the elimination of the income tax, and an overhaul of government efficiency. The Fair Tax advances all three of these goals and is must-pass legislation for 2025,” said Americans for Fair Taxation President Steve Hayes.
Myth vs. Fact Sheet available here.
Full bill text available here.
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