Are House Republicans serious about a 30% national sales tax?
Answer: Maybe, but not all by itself. That makes the sales pitch not just fraught but entirely hypothetical — and a political headache for the GOP and Kevin McCarthy.
Republicans campaigned last cycle, as they have in the past, on tax reforms that would either eliminate the IRS or render it nothing more than a bookkeeping function. As Semafor notes, the most popular two proposals for this promise are the flat tax and the so-called Fair Tax, both of which have floated around Washington DC for decades. Neither proposal has a prayer of getting into law this session, and one of them requires an even greater task than just getting a majority House vote.-
[hotair.com]republicans-serious-about-a-30-national-sales-tax-n524569
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Feel free to reply to any comment by clicking the "Reply" button.A consumption tax has been tossed around a long time now. In theory I like it, but is 30% too much? Too little? Has anyone done the math to make sure it covers all federal spending? What if consumer spending goes down...how does the govt cover its costs? It could be a slippery slope.
Again, in theory, the up side of a consumption tax is that it would pretty much castrate the IRS, and it's non-discriminatory. Unfortunately, there's no way the Dems would tolerate a fair tax...the battle to pass such a measure would be brutal.
coalburned
Level 8
Jan 19, 2023
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Interesting proposition. But those who buy the most expensive items the most often are the ones who would oppose it.
FuzzyMarineVet
Level 8
Jan 19, 2023
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