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Commentary: Republican tax proposals aren’t as bonkers as they sound

Por: Portland Press Herald Opinion February 02, 2023

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Among the many concessions Kevin McCarthy agreed to in order to become speaker of the House is one that would give the so-called Fair Tax Act a full hearing on Capitol Hill. To describe the bill as radical would be an understatement. Not only would it abolish the IRS, but it would also replace all existing federal taxes with a flat, nationwide 30% sales tax. That would be on top of existing state and local rates. Sure, the bill probably... + full article



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