Fair Tax Act of 2007

To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.

1/4/2007--Introduced.
Fair Tax Act of 2007 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2007.
Imposes a national sales tax on the use or consumption in the United States of taxable property or services. Sets the sales tax rate at 23 percent in 2009, with adjustments to the rate in subsequent years. Allows exemptions from the tax for property or services purchased for business, export, or investment purposes and for state government functions. Sets forth rules relating to:
(1) the collection and remittance of the sales tax; and
(2) credits and refunds. Allows families a sales tax rebate.
Grants states the primary authority for the collection of sales tax revenues and the remittance of such revenues to the Treasury. Sets forth administrative provisions relating to:
(1) the filing of monthly reports and payments of tax;
(2) accounting methods;
(3) registration of sellers of goods and services responsible for reporting sales;
(4) penalties for noncompliance; and
(5) collections, appeals, and taxpayer rights. Directs the Secretary of the Treasury to allocate sales tax revenues among:
(1) the general revenue;
(2) the old-age and survivors insurance trust fund;
(3) the disability insurance trust fund;
(4) the hospital insurance trust fund; and
(5) the federal supplementary medical insurance trust fund. Prohibits the funding of the Internal Revenue Service (IRS) after FY2011. Establishes in the Department of the Treasury:
(1) an Excise Tax Bureau to administer excise taxes not administered by the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF); and
(2) a Sales Tax Bureau to administer the national sales tax.


... morehide bill summary

Sponsor

• Rep. John Linder [R, GA-7]
• and 72 Co-Sponsors
  • Rep. W. Akin [R, MO-2]
  • Rep. Rodney Alexander [R, LA-5]
  • Rep. Spencer Bachus [R, AL-6]
  • Richard Baker
  • Rep. James Barrett [R, SC-3]
  • Rep. Roscoe Bartlett [R, MD-6]
  • Rep. Brian Bilbray [R, CA-50]
  • Rep. Gus Bilirakis [R, FL-9]
  • Rep. Rob Bishop [R, UT-1]
  • Rep. Jo Bonner [R, AL-1]
  • Rep. John Boozman [R, AR-3]
  • Rep. Dan Boren [D, OK-2]
  • Rep. Kevin Brady [R, TX-8]
  • Rep. Paul Broun [R, GA-10]
  • Rep. Henry Brown [R, SC-1]
  • Rep. Virginia Brown-Waite [R, FL-5]
  • Rep. Dan Burton [R, IN-5]
  • Rep. John Carter [R, TX-31]
  • Rep. K. Conaway [R, TX-11]
  • Rep. Ander Crenshaw [R, FL-4]
  • Barbara Cubin
  • Rep. John Culberson [R, TX-7]
  • Jo Ann Davis
  • David Davis
  • Rep. Nathan Deal [R, GA-9]
  • Thelma Drake
  • Rep. John Duncan [R, TN-2]
  • Rep. Mary Fallin [R, OK-5]
  • Tom Feeney
  • Rep. Jeff Flake [R, AZ-6]
  • Rep. Trent Franks [R, AZ-2]
  • Wayne Gilchrest
  • Rep. John Gingrey [R, GA-11]
  • Virgil Goode
  • Rep. Kay Granger [R, TX-12]
  • Rep. Ralph Hall [R, TX-4]
  • J. Hastert
  • Rep. Jeb Hensarling [R, TX-5]
  • Rep. Peter Hoekstra [R, MI-2]
  • Duncan Hunter
  • Rep. Darrell Issa [R, CA-49]
  • Ric Keller
  • Rep. Steve King [R, IA-5]
  • Rep. Jack Kingston [R, GA-1]
  • Rep. John Kline [R, MN-2]
  • Rep. Doug Lamborn [R, CO-5]
  • Rep. Jerry Lewis [R, CA-41]
  • Rep. Frank Lucas [R, OK-3]
  • Rep. Michael McCaul [R, TX-10]
  • Rep. John Mica [R, FL-7]
  • Rep. Gary Miller [R, CA-42]
  • Rep. Jeff Miller [R, FL-1]
  • Rep. Jerry Moran [R, KS-1]
  • Rep. Sue Myrick [R, NC-9]
  • Rep. Randy Neugebauer [R, TX-19]
  • Charles Norwood
  • Steven Pearce
  • Rep. Mike Pence [R, IN-6]
  • Rep. Ted Poe [R, TX-2]
  • Rep. Tom Price [R, GA-6]
  • Rep. Clifford Stearns [R, FL-6]
  • Rep. John Sullivan [R, OK-1]
  • Thomas Tancredo
  • Rep. William Thornberry [R, TX-13]
  • Rep. Todd Tiahrt [R, KS-4]
  • Timothy Walberg
  • Rep. Zach Wamp [R, TN-3]
  • David Weldon
  • Rep. Lynn Westmoreland [R, GA-3]
  • Rep. Edward Whitfield [R, KY-1]
  • Rep. Rob Wittman [R, VA-1]
  • Rep. Donald Young [R, AK-0]
  close

Committees

• House Ways and Means

Amendments

This bill has no amendments.

Amendments to H.R.25

Number	Status	Purpose

Bill Status

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Introduced		Voted on by House		Voted on by Senate		Considered By President		Bill Becomes Law
January 04, 2007

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• Introduced on Jan 04, 2007.
• Jan 04, 2007: Referred to the House Committee on Ways and Means.

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Related Bills:

• S.1025

Related Issue Areas:

• Taxation
• Administrative fees
• Administrative procedure
• Administrative remedies
• 67 more
• Affiliated corporations
• Aged
• Aliens
• Budgets
• Business
• Cost of living adjustments
• Department of the Treasury
• Estate tax
• Executive departments
• Executive reorganization
• Exports
• Families
• Finance
• Financial services
• Foreign corporations
• Gambling
• Gift tax
• Government information
• Government paperwork
• Government trust funds
• Health policy
• Hobbies
• Immigration
• Income tax
• Insurance
• Interest
• Intergovernmental tax relations
• Internal Revenue Service (IRS)
• Internal revenue law
• Interstate compacts
• Inventories
• Labor
• Law
• Loan defaults
• Medical care
• Medicare
• Old age, survivors and disability insurance
• Payroll deductions
• Politics and government
• Poverty
• Rebates
• Sales tax
• Small business
• Social security
• Social security finance
• Social security taxes
• Sports
• State and local government
• State politics and government
• Tax administration
• Tax auditing
• Tax courts
• Tax credits
• Tax liens
• Tax penalties
• Tax refunds
• Tax returns
• Tax simplification
• Taxation of foreign income
• Taxpayer compliance
• Taxpayers
• Telecommunication
• Telephone
• Trade
• Wages
• Welfare
• Withholding tax

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In the News

September 06, 2007 Tax Policy 'Theater' Solves Little

The national issue campaign favors passage of HR 25 which abolishes the IRS, eliminates all federal income tax and payroll withholding taxes, and broadens ...

Was this article useful? Yes or No (1 of 1 found it useful.)

Source: PR Newswire (press release), NY

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August 27, 2007 IRAQIS REACH AGREEMENT ON REFORMS

have introduced legislation (HR 25/S. 1025) to implement the FairTax. They assert that a rate of 23% would be sufficient to replace federal individual and ...

Was this article useful? Yes or No (1 of 1 found it useful.)

Source: FrontPage magazine.com, CA

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August 25, 2007 FairTax, Flawed Tax

have introduced legislation (HR 25/S. 1025) to implement the FairTax. They assert that a rate of 23% would be sufficient to replace federal individual and ...

Was this article useful? Yes or No (1 of 2 found it useful.)

Source: Wall Street Journal

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Blog Coverage

January 07, 2009 Not Time to Check-Out | Constant Conservative

Many more may be found by following the above link. Over the next weeks and months, I’ll be sharing my thoughts on these. Briefly (going by their names alone) I can say I’m in favor of H.R. 25 and against S. 2, S. 4 and H.R. 20. ...

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Source: Constant Conservative

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January 07, 2009 ecwoodrow.com - Faith . Family . Freedom: A Message From ...

I truly believe that if our citizen co-sponsors can achieve that goal, then that will be the catalyst for HR 25 crossing that 100 co-sponsor threshold. So now is the time, if you haven't gotten a friend to join the fight, do it today by ...

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Source: ecwoodrow.com - Faith . Family . Freedom

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January 07, 2009 PoliPundit.com » House & Senate Bills On Day ONE: Growing, Growing ...

John Linder (R-GA) has re-introduced his favorite bill (HR 25) - to abolish the IRS and implement the Fair Tax. And Rep. John Campbell (R-CA) offered up a couple of gems. He wants to abolish the Appropriations Committee (H.Res. ...

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Source: PoliPundit.com

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