A bill that would try to abolish the Internal Revenue Service (IRS) and eliminate federal income tax was reintroduced on Tuesday by Georgia Republican Rep. Buddy Carter.
A vote on the bill, labeled the Fair Tax Act, was part of a deal that was negotiated between the House Freedom Caucus and Speaker Kevin McCarthy during his quest for the speakership.
The Act “will eliminate the need for the IRS by simplifying our tax code with provisions that work for the American people,” Carter said on Twitter.
The current federal income tax scheme would be replaced with a single nationwide consumption tax. The Office of Management and Budget criticized the bill and said it would only benefit certain taxpayers.
“With their first economic legislation of the new Congress, House Republicans are making clear that their top economic priority is to allow the rich and multi-billion dollar corporations to skip out on their taxes, while making life harder for ordinary, middle-class families that pay the taxes they owe,” the Office of Management and Budget said in a statement.
The vote comes after House Republicans passed a bill Monday evening that would prevent plans to fund 87,000 new IRS agents, originally included in the Inflation Reduction Act that Democrats passed last year.
A date has not been set for the vote on the Fair Tax Act. However, both bills are unlikely to pass in the Democratic-controlled Senate.
In a TV interview Sunday, Yellen didn't rule out President Joe Biden acting on his own to try to avert a first-ever federal default.
North Carolina lawmakers on Thursday approved and sent to the governor a ban on nearly all abortions after 12 weeks of pregnancy, down from the current 20 weeks, in response to last year’s overturning of Roe v. Wade at the U.S. Supreme Court.
Associate Justice Clarence Thomas joins other members of the Supreme Court as they pose for a new group portrait, at the Supreme Court building in Washington, Oct. 7, 2022. A Republican megadonor paid two years of private school tuition for a child raised by Supreme Court Justice Clarence Thomas, who did not disclose the payments, a lawyer who has represented Thomas and his wife acknowledged Thursday. (AP Photo/J. Scott Applewhite, File)
Former Proud Boys leader Enrique Tarrio and three other members of the far-right extremist group were convicted Thursday of a plot to attack the U.S. Capitol.
Florida Republicans on Wednesday approved bills to ban diversity programs in colleges and prevent students and teachers from being required to use pronouns that don't correspond to someone's sex, building on top priorities of Republican Gov. Ron DeSantis.
New York state is banning natural gas stoves and furnaces in most new buildings in an effort to reduce greenhouse gas emissions.
Authorities in the U.S. and Europe arrested nearly 300 people, confiscated over $53 million, and seized a dark web marketplace as part of an international crackdown on drug trafficking that officials say was the largest operation of its kind.
Oregon Secretary of State Shemia Fagan has stepped down shortly after apologizing for accepting a payment of $10,000 per month from a consultancy firm for a marijuana company.
U.S. and Mexican officials have agreed on new immigration policies meant to deter illegal border crossings.
Newly opened records that belonged to Supreme Court Justice John Paul Stevens give the public a behind-the-scenes glimpse at his decades on the court, including the tense struggle over the 2000 presidential election and major cases on affirmative action and abortion.
