House GOP seeks to abolish IRS, replace income tax with consumption tax

Fifty-four House Republicans on Thursday reintroduced legislation that would terminate the IRS and replace the system of income taxes on people and corporations with a consumption tax.

The FairTax Act, from Rep. Rob Woodall (R-Ga.), would abolish the 16th Amendment, which was ratified 100 years ago this February. That amendment gives Congress the power to impose income taxes without having to spend the revenues evenly among the states.

Woodall's bill, H.R. 25, would replace the current tax system with a 23 percent consumption tax on all new goods and services. He said Thursday that this change would eliminate the need for a complicated tax code, and would be the kind of tax reform that helps reinvigorate the economy.

Read more: http://thehill.com/blogs/floor-action/house/275697-house-gop...

Tags: GOP, House, IRS, abolish, consumption, income, replace, seeks, tax, to, More…with

Views: 380

Reply to This

Replies to This Discussion

The 16th Amendment was not in fact ratified.

And even if it had been, the United States Supreme Court ruled in Stanton Vs. Baltic Mining that the 16th Amendment did not confer any new taxing authority in Congress, which means if the Constitutional prohibition against direct non-apportioned taxes was in effect before the proposed 16tth Amendment, it was still in effect afterwards as well. Remember that whopper the US Government told you about Saddam's nuclear weapons? Well, that was a tiny white lie compared to the prevarication regarding the ratification of the 16th Amendment.

Michael. re  you last point, "that was a tiny white lie compared to". The America people hav been feed many since 1776, or did they start in 1777,?

Who would be in charge of the new tax system if they abolish the IRS and wouldnt that upset their buddies at the Fed?

you would need a constitutional amendment ..  when they say they want to change the tax code i cringe because if we only followed the law americans would realize there is no income tax for 99% of us .. there is no law

i agree with Mike R

RSS

VeryBarryCare

"24 or more hours of member activity http://12160.info/m"

Report an Issue

Flashback: Daily Kos and blogging for dollars

Eyes Over Compton: How Police Spied on a Whole City

White House Counterterror Chief: “Confrontational” Children Could be Terrorists

Photos

Loading…
  • Add Photos
  • View All

Forum

Where Does Manhood Come From?

Started by legalize freedom in Survivalism and Gardening. Last reply by legalize freedom 4 hours ago. 1 Reply

Flags of our Fathers

Started by opt˟ in Current News/Events. Last reply by opt˟ 12 hours ago. 1 Reply

Gasp!!!

Started by Citizen Quasar in Current News/Events. Last reply by Citizen Quasar 17 hours ago. 10 Replies

Badge

Loading…

© 2014   Created by James μολὼν λαβέ.

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2014 - all rights reserved. unless otherwise noted