IRS Is ‘Bloated’ and Inefficient, Rep. Norman Says as Bill to Abolish IRS, Replace Income Tax Is Introduced in House
The Republican-led House of Representatives could soon vote on legislation to abolish the IRS and replace the income tax code with a national consumption tax. Rep. Buddy Carter (R-Ga.) introduced the Fair Tax Act (pdf) on Wednesday. The bill would eliminate income, death, gift, and payroll taxes and replace the system with a national sales tax, […]