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John,
Abolishing the federal tax code in favor of a regressive 30% national sales tax used to be a fringe issue in the Republican Party. Not anymore:
Each of these leading Republicans supports legislation that will 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 support legislation that will replace those taxes with a 30% national sales tax that will dramatically cut taxes on the rich while making working families pay way more out of pocket.
Speaker of the House Kevin McCarthy has already committed to holding a vote on this bill. Rush a donation today to help us bring our latest infographic above to folks across the country and shine a spotlight on the GOP plan to raise taxes on working people.
Republicans claim to care about inflation, but it will take a national sales tax of between 30% – 60% on all goods and services to make up for abolishing federal income, payroll, estate, and gift taxes.[1] This will dramatically increase out-of-pocket expenses for all Americans.
While our current tax code is riddled with loopholes that allow the wealthy to avoid paying their fair share in taxes, the federal income tax is still much more progressive than a flat sales tax.
An Institute on Taxation and Economic Policy study shows that the top 1% pays just a 0.9% average share of their income in state sales taxes compared to a 7.1% share for the lowest-income households.[2] So, this new Republican bill would shift who pays taxes by A LOT.
Fight back against the Republican plan to slash taxes paid by the wealthy and increase taxes paid by working- and low-income families. Donate today!
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Republicans are increasingly out of touch with everyday Americans who overwhelmingly believe that the wealthy and corporations should pay their fair share in taxes. Thank you for fighting back against policies that further rig our economy and our tax system toward the wealthy and powerful.
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
[2] “Who Pays? 6th Edition,” Institute on Taxation and Economic Policy
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