Fair Tax Act 2025 Bill Text. The fair tax act of 2023 (hr 25) would replace the federal individual income tax, corporate income tax, payroll taxes, and the estate and gift tax with a national retail sales tax. Although the bill won’t pass the senate or sustain a presidential veto, some conservatives.

In an “intermediate tax reform” stage, the project would repeal the clean energy tax breaks and “all tax increases passed as part of the inflation reduction act.” But i don’t think wealthy people like.