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John,
How can Congress make inflation worse? Implement a national sales tax of 30%!
And, that’s exactly what House Republicans are proposing.
A new bill, which Speaker Kevin McCarthy has committed to holding a vote on, would abolish the IRS and abolish the entire federal tax code in favor of a national sales tax of at least 30%.[1] This would dramatically cut taxes on the rich while making working families pay way more out of pocket.
However, when you abolish things like estate and gift taxes, only paid by the very wealthy, or abolish payroll taxes, which pay for Social Security and Medicare, it turns out that you’d need a lot more than a 30% sales tax to make up for the lost revenue. It would take at least a 60% sales tax in order to pay for everything from Medicare and Medicaid, to public education, affordable housing, natural disaster responses to nutrition programs for poor children and more.[2]
But with MAGA Republicans taking over the House of Representatives, policies that were once considered fringe are now front and center in the GOP agenda.
Click here to send a message directly to your representative and demand they reject the Republican bill that would slash taxes on the wealthy in favor of at least a 30% national sales tax on everything we buy.
Thank you for taking action today to fight for a tax system and economy that puts working people first.
Sarah Christopherson
Legislative and Policy Director
Americans for Tax Fairness Action Fund
[1] “House Republicans to vote on bill abolishing IRS, eliminating income tax,” Fox News, Jan. 10, 2023
[2] “’Fair Tax’ Plan Would Abolish the IRS and Shift Federal Taxes from the Wealthy to the Rest of Us,” Institute on Taxation and Economic Policy, Jan. 11, 2023
-- Frank's email --
John,
Congressional Republicans are not shy about advancing their agenda: cutting taxes for the rich while attacking critical programs for working people.
Their 2017 Trump-GOP tax scam added approximately $1.9 trillion to the national debt, while also increasing income and wealth inequality.
Their threats to refuse to increase the nation’s debt ceiling unless cuts are made to Social Security, Medicare, and other critical programs, would hurt seniors and working families.
Now they’ve introduced a bill that would abolish the IRS and abolish the entire federal tax code, from income taxes to the payroll taxes that fund Social Security and Medicare, to estate and gift taxes only paid by the very wealthy.
They propose paying for this by implementing a 30% national sales tax on EVERYTHING you buy―groceries, cars, homes, healthcare, and more. This would disproportionately impact working people while severely cutting taxes on millionaires, billionaires, and corporations.
We’re fighting back!
Send a message to your U.S. representative and demand they reject the new GOP bill that would abolish the federal tax code and implement a 30% sales tax on everything we buy.
However, according to a report from our friends at the Institute on Taxation and Economic Policy (ITEP), it would take a lot more than a 30% national sales tax to make up for the lost tax revenue Republicans are proposing. It would actually cost as much as 60%![1]
That means, a $200 grocery bill would cost $320. And a $30,000 car would cost $48,000.
Republicans claim to care about inflation, but their new bill slashes taxes on the wealthy while driving up the prices on everything we buy. That’s not fiscal responsibility. That’s fiscal insanity!
Click here to send a message to your representative right now and demand they reject the new Republican bill that would drive up prices on everything we buy by at least 30% and maybe as much as 60%.
Together, we’re fighting for a tax code that works for everyday people, not just millionaires, billionaires, and wealthy corporations.
Frank Clemente
Executive Director
Americans for Tax Fairness Action Fund
[1] “’Fair Tax’ Plan Would Abolish the IRS and Shift Federal Taxes from the Wealthy to the Rest of Us,” Institute on Taxation and Economic Policy, Jan. 11, 2023
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