The Republican-led House of Representatives will soon vote on legislation to abolish the IRS and replace the income tax code with a national consumption tax.
Rep. Buddy Carter (R-Ga.) will introduce the Fair Tax Act (pdf) on Wednesday, a bill that would eliminate income, death, gift, and payroll taxes and replace the system with a national sales tax, a plan that proponents say would simplify the tax code and ends the need for the IRS.
