SM 118 — National Retail Sales Tax
by Senator Hays
This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.
Prepared by: Rules Committee (RC)
The memorial urges the United States Congress to enact H.R. 25, the Fair Tax Act of 2013, which would impose a national retail sales tax and eliminate the federal personal income tax, the alternative minimum tax, the estate tax, the gift tax, the capital gains tax, the federal corporate income tax, the self-employment tax, and the employee and employer payroll tax.
Vote: Senate Adopted; House Adopted