People (almost always Republicans) have been threatening a massive rethinking of the taxation process in America for a long time. A number of changes have been considered, but we always wind up with the same progressive-scale tax code we’ve had for all of living memory with some tweaks to the rates being applied here and there. But now the newly seated House Majority will hold a vote on the Fair Tax Act. If somehow signed into law, it would abolish the Internal Revenue Service entirely and replace the existing tax structure with a national-consumption tax. And before you ask… yes. This was one of the concessions Kevin McCarthy made to become Speaker. (National Review)Read More
Yep. Republicans are holding a vote to abolish the IRS
