A House GOP proposal to repeal all federal income taxes—including levies on corporations and the rich—and replace them with a whopping 30% national sales tax is drawing increasingly vocal backlash from economists, tax policy experts, and Democratic lawmakers who say the plan is yet another Republican ploy to reward the wealthy at everyone else's expense
Unveiled earlier this month by Rep. Buddy Carter, R-Ga., the Fair Tax Act is hardly a novel piece of legislation. As Steve Wamhoff of the Institute on Taxation and Economic Policy noted in a recent blog post, the bill has its origins in a proposal "initially pitched by an organization created by the Church of Scientology during its dispute with the IRS over whether it constituted a church and was thus tax-exempt."
