Instead?….
We would have a National Sales Tax….
Do NOT take this seriously…..
This is just a wet dream for the Freeedom Caucus….
“As part of his deal to become House speaker, Kevin McCarthy reportedly promised his party’s conservative hardliners a vote on legislation that would scrap the entire American tax code and replace it with a jumbo-sized national sales tax,” Semafor reports.
“The assurance got relatively little attention at the time, drowned out by the many other concessions McCarthy made to win his gavel. But with Democrats already attacking the proposal, some conservatives see it as a political headache in the making.”
Said Grover Norquist: “This is a political gift to Biden and the Democrats. I think that this is the first significant problem created for the Republican Party by the 20 people who thought that there was no downside to the approach they took.”
Note….
Some Republicans ARE getting antsy since parts of the 2017 Trump tax giveaway Bill will run out in 2025 forcing businesses and the rich to begin paying higher taxes again….