- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on Ways and MeansIntroducedJanuary 3rd, 2019
- house Committees
The current tax system is unnecessarily complicated, costing American taxpayers an inordinate amount of time and effort to file their annual returns. FairTax would be much simpler and would eliminate a federal agency, as well, helping shrink a bloated government.
FairTax would be regressive, disproportionately burdening low- and middle-class families while allowing the rich to spend a smaller proportion of their incomes on taxes. Its high rate would also incentivize tax evasion and black market sales to avoid the 23 percent tax.