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GOP sales tax plan could leave 80% of Americans paying more

Por: Newsweek Nation January 26, 2023

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A national sales tax proposed by Republicans could see 80 percent of Americans paying more, though that cost would be offset by monthly rebates from the federal government.The Fair Tax Act, which has been introduced by Representative Earl Buddy Carter and is supported by 30 other GOP members of the House, would abolish income, payroll, estate and gift taxes.Instead, the legislation proposes a 23 percent national sales tax, but the effective rate... + full article



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