It's in the news that the Republicans in Congress are seeking to implement a flat sales tax and essentially do away with the need for the IRS. Just one recent article can be found here. This story includes the following paragraph: One thing that became clear very quickly: McCarthy’s desperation to have the title of House speaker meant more to him than having any convictions. An example of his clear powerlessness in whatever deals he agreed to were reports that he would bring a ludicrous tax proposal for a vote on the House floor. It’s the Fair Tax Act, a deal first cre … [Read more...]