FairTax Act of 2023 This bill imposes a national sales tax on the use or consumption in the United States of taxable property or services in lieu of the current income taxes, payroll taxes, and estate and gift taxes. The rate of the sales tax will be 23% in 2025, with adjustments to the rate in subsequent years. There are exemptions from the tax for used and intangible property; for property or services purchased for business, export, or investment purposes; and for state government functions. Under the bill, family members who are lawful U.S. residents receive a monthly sales tax rebate (Family Consumption Allowance) based upon criteria related to family size and poverty guidelines. The states have the responsibility for administering, collecting, and remitting the sales tax to the Treasury. Tax revenues are to be allocated among (1) the general revenue, (2) the old-age and survivors insurance trust fund, (3) the disability insurance trust fund, (4) the hospital insurance trust fund, and (5) the federal supplementary medical insurance trust fund. No funding is authorized for the operations of the Internal Revenue Service after FY2027. Finally, the bill terminates the national sales tax if the Sixteenth Amendment to the Constitution (authorizing an income tax) is not repealed within seven years after the enactment of this bill.
Further Continuing Appropriations and Disaster Relief Supplemental Appropriations Act, 2025 U.S. Congressman Sam Johnson Memorial VA Clinic Act Improving Veterans’ Experience Act of 2024 PRO Veterans Act of 2024 Protecting Regular Order for Veterans Act of 2024 Nationwide Consumer and Fuel Retailer Choice Act of 2024 Recycling and Composting Accountability Act Supporting America’s Children and Families Act SUPPORT for Patients and Communities Reauthorization Act of 2024 American Music Tourism Act of 2024 Deploying American Blockchains Act of 2024 Second Chance Reauthorization Act of 2024 Disaster Relief Supplemental Appropriations Act, 2025