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Perdue, Isakson Introduce Fair Tax Act Of 2015
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U.S. Senators David Perdue and Johnny Isakson have introduced the Fair Tax Act of 2015 in Congress.
The bill would repeal the federal income tax, abolish the Internal Revenue Service and institute a national sales tax.
Perdue, a member of the Senate Budget Committee and original co-sponsor of the bill, says it will “level the playing field and make America the best place in the world to do business.”
Isakson has co-sponsored legislation to repeal the tax code and establish a national sales tax during every session of Congress since he was elected to the U. S. Senate in 2005.
He says the current tax code burdens families and a fair tax will protect taxpayers.
The Fair Tax Act of 2015 would repeal all federal personal income taxes, corporate income taxes, payroll taxes, self-employment taxes, capital gains taxes and gift and estate taxes and replace those with a revenue-neutral, personal consumption tax on all retail sales of new goods and services.
Tags: Fair Tax, fair tax of 2015, abolish the federal income tax, national sales tax, perdue and isakson introduce fair tax of 2015, Fair Tax
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