Abolish the IRS – that’s what some House Republicans are calling for. In House Speaker Kevin McCarthy’s (R-CA) efforts to secure the needed support from his party to be their leader, he reportedly promised members of the House Freedom Caucus a vote on a bill that would replace the current federal tax system – including the income tax – with a national consumption tax, which could lead to the end of the Internal Revenue Service.
While Democrats and President Joe Biden are working to boost the IRS by hiring 87,000 employees over the next 10 years, Republicans are moving in the opposite direction, introducing their bill that could do away with the agency entirely. The measure is called the Fair Tax Act.
“Very few people like paying taxes but if they’re going to pay taxes they would much rather pay a consumption tax as opposed to a property tax or an income tax or a payroll…
