This bullshit #NationalSalesTax #HR25 will utterly crash the US economy. I was yelping about $3 cucumbers earlier; imagine everything going up 30%. Oh, you want a new car? Add 30% to that sticker. Buying property? +30%. Here's a piddly $290/mo to offset that, and fuck all y'all poors.

GOP introduce #HR25. The bill would eliminate all individual and corporate income #taxes, capital gains, payroll taxes and estate taxes while imposing a #NationalSalesTax on nearly all goods and services

Americans would pay closer to 30% more for everyday purchases

The wealthiest would actually see the biggest tax cuts from this switch

It's tax bait and switch at a higher tax rate switch for most

Every purchase and expense, from food, to gas to medication, to rent, taxed. #USPol #uspolitics

Dear friends,
House Republicans have introduced #HR25 aka "FairTax Act of 2023" that eliminates income taxes. A 23% national sales tax or V.A.T. is proposed to replace it. Tax rebates would be offered based on family size and income. It does away with #IRS.
https://www.congress.gov/bill/118th-congress/house-bill/25

Like it or not, it's an actual policy proposal that will likely stick around for a while even though It almost certainly won't become law in this Congress.
ESM
#uspol #gop #taxes #vat #incometax

If #republicans were to ever get their #tax wish and abolish the #IncomeTax in favor of a national #SalesTax, bartering would become trendy among the ultra-wealthy and the #USA would quickly become incapable of paying for its defense and infrastructure needs. The idea behind #HR25 is born of #GREED by the #billionaires who already use #TaxAvoidance schemes to avoid paying their fair share. #USPOL

https://www.congress.gov/118/bills/hr25/BILLS-118hr25ih.pdf