The day that falls after Tax Day on April 15 would be deemed FairTax Day under a resolution proposed by U.S. Rep. Buddy Carter (R-GA).
“Americans spend over six billion hours per year filing their taxes,” Rep. Carter said. “Instead of putting your hard-earned dollars straight into Uncle Sam’s pocket, the FairTax allows you to keep 100 percent of your paycheck and choose how much you pay in taxes every year.
“It is a simple, fair, and preferred alternative to the current system, which punishes success and puts unelected bureaucrats in charge of your paycheck,” said the congressman. “Let’s make April 15, 2024, our last Tax Day ever. It’s time for a change, and FairTax Day will raise awareness about this popular, Georgia-grown proposal.”
Rep. Carter on April 16 sponsored House Resolution (H.Res.) 1150 alongside lead original cosponsor U.S. Rep. Andrew Clyde (R-GA) to support the designation of April 16 as “FairTax Day.”
Essentially, H.Res. 1150 supports language in the Republican-led FairTax Act, H.R. 25, which has been introduced every year since 2003. Rep. Carter in January 2023 sponsored the current H.R. 25 alongside 11 original GOP cosponsors, including Rep. Clyde.
If enacted, H.R. 25 would replace the current tax code with a national consumption tax, eliminating both the Internal Revenue Service (IRS) and Tax Day, according to a bill summary provided by Rep. Carter’s staff.
By establishing a national FairTax Day to follow directly after the United States’ traditional Tax Day, H.Res. 1150 would signal a readiness to begin a new, fair process that gives Americans power over their paychecks, the summary says.
“The FairTax would not only create a simplified and fair tax code for all Americans but would also foster economic prosperity and eliminate the need for the IRS, which has become weaponized,” said Rep. Clyde. “As a staunch supporter of Rep. Carter’s FairTax Act, I’m proud to join my fellow Georgian in raising awareness of this common-sense legislation by introducing a resolution to recognize April 16th as FairTax Day.”
H.Res. 1150 has been referred to the U.S. House Oversight and Accountability Committee for consideration. H.R. 25 has been under review by the U.S. House Ways and Means Committee since its introduction.