House Speaker Kevin McCarthy, R-Calif., has disavowed the 30% national sales tax that he promised a vote on in order to convince a group of far-right lawmakers to elect him as speaker.
McCarthy faced holdouts from a group of about 20 Republicans but promised that he would hold a vote on legislation to replace the Internal Revenue System and U.S. taxation system with a 30% national sales tax if he won the speakership. Rep. Buddy Carter, R-Ga., filed the "Fair Tax Act," but McCarthy told reporters on Tuesday that he personally opposes the bill.
