Rep. Buddy Carter (R-GA) will be reintroducing his Fair Tax Act bill which would abolish the IRS, do away with the national income tax and introduce a national consumption tax. Voting on the bill is part of the compromise that Speaker of the House McCarthy (R-CA) made with the House Freedom Caucus to win their votes for Speaker. Rep. Bob Good (R-VA), who co-sponsors the bill, said, “It is good for our economy because it encourages work, savings, and investment.” The bill also eliminates death, gift, and payroll taxes.
House Judiciary and Intelligence Committees to Hear Testimony of Special Counsel John Durham in June