HR. 25In Committee
FairTax Act of 2025
Replace federal income payroll estate and gift taxes with a national sales tax starting in 2027 and eliminate the Internal Revenue Service
Plain-English overview
What this bill does
Replace federal income payroll estate and gift taxes with a national sales tax starting in 2027 and eliminate the Internal Revenue Service
Key points
- Establish a federal sales tax
- Authorize monthly family tax rebates
- Repeal federal income and payroll taxes
- Abolish the Internal Revenue Service
Current status
Where it stands
Status
In Committee
Latest action
2025-01-03 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedAdministrative law and regulatory proceduresConstitution and constitutional amendmentsDepartment of the TreasuryEmployment taxesExecutive agency funding and structureForeign and international corporationsFraud offenses and financial crimes