This page contains bill sponsorships in the Senate and House.
Bill sponsorships indicate the topics that legislators are most interested in, and spend the most time on.
15_S155
on Jan 13, 2015
Bill Sponsorship: H.R.25 & S.155
Source: FairTax Act sponsored by 6 Senators and 64 Reps
Congressional Summary: This bill imposes a national sales tax in lieu of the current income and corporate income tax, employment taxes, and estate and gift taxes. The rate of the sales tax will be 23% in 2017, with adjustments in subsequent years. U.S. residents receive a monthly sales tax rebate (Family Consumption Allowance) based upon family size and poverty guidelines. No funding is allowed for the operations of the Internal Revenue Service after FY2019. Finally, the FairTax terminates if the 16th Amendment to the Constitution (authorizing an income tax) is not repealed within 7 years. Supporters reasons for voting YEA: Rep. MORAN: I am all on board on tax reform, but the best solution is not tinkering with the current system; it is an overhaul of the current Tax Code. The FairTax, in my view, brings two goals front and center: to pass on to the next generation of Americans the freedoms and liberties guaranteed by our Constitution, and the
opportunity for every American to live the American dream. Opponents reasons for voting NAY: (by FairTaxWarrior.com): Criticisms from The Left- The FairTax rate is really 30%, not the 23% proponents say.
- It's an additional national sales tax.
- It's really just a windfall tax cut for the rich.
- A sales tax is regressive, and punishes the poor unfairly.
- It's just a scheme to let corporations escape paying taxes.
Criticisms from The Right:- The FairTax does nothing to cut government spending.
- The 23% rate is too high.
- It 's the largest welfare increase in history [via the Family Consumption Allowance]
General criticisms- The FairTax will negatively impact the housing market [by removing the mortgage deduction].
- Black market activity will increase.
- The IRS won't really be abolished.
- The Flat (Income) Tax is a better option.
- It will be a nightmare to transition to The FairTax from an Income Tax.
Also see equivalent House bill H.R.25 (2015) and 2009 version.
Participating counts on VoteMatch question 11.
Question 11: Higher taxes on the wealthy
Scores: -2=Strongly oppose; -1=Oppose; 0=neutral; 1=Support; 2=Strongly support.
- Topic: Tax Reform
- Headline: Replace income tax and IRS with FairTax
(Score: -2)
- Headline 2: Replace income tax and IRS with FairTax
(Score: -2)
- Key for participation codes:
- Sponsorships: p=sponsored; o=co-sponsored; s=signed
- Memberships: c=chair; m=member; e=endorsed; f=profiled; s=scored
- Resolutions: i=introduced; w=wrote; a=adopted
- Cases: w=wrote; j=joined; d=dissented; c=concurred
- Surveys: '+' supports; '-' opposes.
Democrats
participating in 15_S155 |
Republicans
participating in 15_S155 |
| Ted Cruz |
s1o | POTUS Republican 2016 Primary Challenger | Mar 10, 2015
|
| James Inhofe |
s1o | OK Republican Sr Senator | Feb 24, 2015
|
| Johnny Isakson |
s1o | GA Republican Jr Senator; previously Representative | Jan 13, 2015
|
| Jerry Moran |
s2p | Kansas Republican (until 2010) | |
| David Perdue |
s1o | GA Republican challenger | Jan 13, 2015
|
| Pat Roberts |
s1o | KS Republican Sr Senator | Jan 27, 2015
|
Independents
participating in 15_S155 |
Total recorded by OnTheIssues:
Democrats:
0
Republicans:
6
Independents:
0 |
|
 |
|
