1999 Fair Tax Act

The 1999 Fair Tax Act was a proposed legislation aimed at replacing the existing income tax system with a national sales tax. It would have taxed most goods and services at a single, flat rate, eliminating income, payroll, and corporate taxes. The goal was to simplify the tax process, promote economic growth, and prevent government overreach. Supporters argued it would create jobs and increase transparency, while critics raised concerns about its impact on lower-income households. The bill did not pass, but it sparked ongoing debate about tax reform and fairer ways to fund government services.