A press report indicates that to become Speaker of the House of Representatives, Kevin McCarthy agreed to hold a vote during this Congress on the “Fair Tax,” to abolish the IRS & the federal tax system & replace it with a national sales tax administered by the states. The bill would impose a 30% federal sales tax on everything we buy – groceries, cars, homes, health care – & lead to a giant tax shift from the well-off to everyone else.
https://itep.org/fair-tax-plan-would-abolish-irs-shift-federal-taxes-from-wealthy/
Maybe you haven't heard much about the fairtax plan, but it was designed to be emphatically progressive, explicitly against a giant tax shift from the well-off to everyone else, by including a part that mails out checks to people to not only reimburse them for taxes on essentials, but to even give them money ahead of time for that.
In other words, the fairtax proposal explicitly and actively transfers money away from the rich and to everyone else.
@volkris I guess I'll need to do some more background reading on the proposal, although I seriously doubt that US Republicans are promoting anything progressive or designed to transfer money away from their funders/oligarchs.
FWIW, I happened to copy this quote for someone else and then saw this reply and figured I'd share it here too.
> "In contrast, the #FairTax dramatically improves economic growth and wage rates for all, but especially for lower-income families and individuals. In addition to receiving the monthly FairTax prebate, these taxpayers are freed from regressive payroll taxes, the federal income tax, and the compliance burdens associated with each. They pay no more business taxes hidden in the price of goods and services, and used goods are tax free."
