Sens. Jon Tester (D-Mont.) and Jacky Rosen (D-Nev.) has authored a resolution opposing a Republican plan to enact a national sales tax.
The senators’ resolution cites the economic challenges faced by many Americans and lawmakers’ responsibility to “relieve” financial pressures felt by their constituents.
The GOP plan, the FairTax Act of 2023 (H.R. 25), was introduced in the House of Representatives by Rep. Earl Carter (R-Ga.) on Jan. 9 and imposes a national sales tax on taxable property or services.
It states the tax rate would be 23 percent in 2025, with adjustments in subsequent years, and would be in lieu of the current income taxes, payroll taxes, and estate and gift taxes….