In a deal that secured Rep. Kevin McCarthy, R-Calif., the speakership, Republicans plan to vote on a bill (H.R. 25) to enact the “Fair Tax.”1 Introduced by Rep. Earl L. “Buddy” Carter, R-Ga., the Fair Tax would replace federal personal income, corporate income, payroll, and estate and gift taxes with a national retail sales tax. … Continue reading Deconstructing the Fair Tax