XCLUSIVE:\u00a0President Joe Biden “adamantly opposes” a Republican bill that the House of Representatives plans to vote on that would\u00a0abolish\u00a0the Internal Revenue Service (IRS) and eliminate the national income tax, and he warns that the bill would end up raising taxes on middle-class families.
\nThe House is set to vote on Georgia Republican Rep. Buddy Carter\u2019s reintroduced\u00a0Fair Tax Act, which aims to reel in the IRS and remove the national income tax and other taxes and replace them with a single consumption tax.
\nBut the White House is warning that the legislation would “overwhelmingly shift the federal tax burden onto the American middle class and working people, while simultaneously causing prices to spike across the board.”
\nHOUSE REPUBLICANS TO VOTE ON BILL ABOLISHING IRS, ELIMINATING INCOME TAX
\n“President Biden adamantly opposes House Republicans\u2019 plans to force an unprecedented tax hike onto middle-class families in exchange for yet more tax welfare for the rich and big corporations,” White House deputy press secretary Andrew Bates told Fox News Digital on Wednesday.
\n“The president\u2019s top priority is to make more progress cutting costs for the American people, who broadly support his efforts to have multinational corporations and the richest taxpayers pay their fair share,” Bates said.
\nThe White House cited former President George W. Bush\u2019s panel on Federal Tax Reform, which found that lower- and middle-income families “would be especially hard-hit by a standalone retail sales tax.”
\nThe White House said that the “theme of tax handouts to the wealthy on the backs of the middle class is fast becoming a theme of the new Congress” \u2014 a theme that the White House said voters rejected in the midterm elections.<\/p>\n