House Introduces Bill to Abolish Income Tax, IRS

A new bill, H.R. 25, introduced by Republican Representative Earl L. Carter aims to abolish the federal income tax and the IRS, proposing a national sales tax instead. This initiative aligns with President Trump's recent statements advocating for tariffs as a primary revenue source and reflects a growing sentiment among some lawmakers regarding tax reform. The proposed 'Fair Tax' would eliminate various taxes including personal and corporate income taxes, while shifting the tax burden to consumption. Republican Senator Mike Lee has also expressed support for scrapping the income tax, arguing the current system is overly complex and oppressive. Critics of the federal income tax often cite concerns over its potential for abuse and the expansion of government power. The bill is still awaiting further discussion in the House.