Revenue Neutral Personal Consumption Tax

Floor Speech

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Mr. COLLINS. Mr. Speaker, I thank Mr. Carter for yielding.

Mr. Speaker, as someone who represents the great University of Georgia, it is nice to see him pick up the football and run with this thing. My friend is also right. I have spent my private life, over 30- plus years, in one of the most regulated and taxed industries that there are in this country. So, yes, it is very near and dear to my heart.

I want to thank the gentleman also for leading on a Georgia original bill which originated with Congressman John Linder.

The IRS was weaponized early on in the Obama administration, and the only thing that came out of that, the result of that, was Lois Lerner being found in contempt of Congress, and then we saw the issue go away.

Now the Biden administration, with the addition of 87,000 IRS agents, has a new target: the middle class and small businesses.

It is time for a new tax system that works for all Americans. So today I rise in support of H.R. 25, the FairTax Act.

Our tax system is in desperate need of reform, and this bill will let Americans keep their hard-earned paychecks and get rid of the IRS.

The FairTax Act will eliminate payroll and income taxes and greatly reduce compliance costs on small businesses by replacing all of these with a consumption tax on new goods and services.

The current tax system is purposely complicated, burdensome, and confusing so only the well-navigated can navigate the loopholes.

So why wouldn't we want to make it simpler and more understandable so small businesses and workers can thrive?

From my first day in Congress, I have been focused on making the Federal Government more transparent and accountable to the American taxpayer. The FairTax Act does just that. Every time Americans buy a product or service, they will know exactly how much they will pay in taxes and will be able to factor that into their decisions. There will be no more complex and expensive end-of-the-year Federal tax filings.

The only way big legislation is passed in this town is when the American people demand it. The way we get them on board is we need to hold hearings across this country to explain the ideas and the details of the FairTax Act. We need to discuss and debate the bill publicly so that the Americans can consider this proposal. Once they hear about it though, I am confident that they will support the concept of the FairTax Act.

Let's get to work.

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