Written by Steve Cannon for USSA News. In a surprise move, key Republicans in the House have come out against a bill aimed at abolishing the current tax code. The Fair Tax Act, which was introduced by Representative Buddy Carter (R-Ga.), would constitute the largest change to the U.S. system in decades and would all but abolish the current tax code, replacing it with a 30-percent sales tax that would be collected by states and then remitted to the federal Treasury. The new method of taxation would render the IRS, as it currently exists, all but obsolete. House Majority Leader
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