House To Vote On Abolishing IRS

( A bill to eliminate the IRS and replace the current income tax system with a national consumption tax will shortly be put to the vote in the House of Representatives, which Republicans control.

Rep. Buddy Carter (R-Ga.) will propose the Fair Tax Act on Wednesday to replace the current system with a national sales tax. Supporters of the proposal claim that it will simplify the tax law and do away with the need for the IRS.

In a statement on Tuesday, Carter said that this bill would eliminate the need for the department by simplifying the tax code with provisions that work for the American people and encourage growth and innovation “instead of adding 87,000 new agents to weaponize the IRS against small business owners and middle America.”

“Unelected bureaucrats with guns shouldn’t control your income more than you do,” Carter said.

Carter introduced the bill in January 2021, but nothing came of it.

House Speaker Kevin McCarthy (R-Calif.) agreed with the House Freedom Caucus to allow a floor vote on the bill in exchange for their support in his bid to become Speaker of the House. Political observers assert that the Fair Tax Act has little chance of passing since the Democratic-controlled Senate would not support it enough.

This comes just after the GOP-led House voted 221-210 along party lines to cut the majority of the $80 billion Democrats had allotted to the IRS for 2022. Since the initiative does not have enough support in the upper house, experts say it is doubtful that tens of billions of dollars would be reversed.

According to recently released statistics from Syracuse University’s Transactional Records Access Clearinghouse (TRAC), low-income taxpayers rather than millionaires and billionaires have been the IRS’s primary targets.

They are simple prey in a time when the IRS increasingly depends on correspondence audits but lacks the tools to help taxpayers or react to their inquiries.

Numerous Republicans have, over the years, suggested alternatives to the current income tax law, such as a flat income or sales tax that would completely restructure the current system.

Conservative magazine publisher Steve Forbes revived the concept of a low-rate flat tax regime during the Republican presidential nominations in 1996 and 2000.