NASHVILLE, Tenn. – The Tennessee House of Representatives last week passed legislation advocating for the elimination of the federal income tax system in favor of a national consumption tax. House Joint Resolution 17, sponsored by State Rep. Jake McCalmon, R-Franklin, urges the United States Congress to pass the Fair Tax Act of 2023, which would […]
NASHVILLE, Tenn. – The Tennessee House of Representatives last week passed legislation advocating for the elimination of the federal income tax system in favor of a national consumption tax.
House Joint Resolution 17, sponsored by State Rep. Jake McCalmon, R-Franklin, urges the United States Congress to pass the Fair Tax Act of 2023, which would eliminate the personal income tax, alternative minimum tax, inheritance tax, capital gains tax, corporate income tax, self-employment tax, gift tax and payroll tax in favor of a single national retail sales tax.
“Low taxes, common sense governance and pro-growth policies have allowed Tennessee to prosper,” McCalmon said. “House Joint Resolution 17 urges Congress to follow in our state’s footsteps by eliminating the income tax and prioritizing fiscal responsibility. I thank my Republican colleagues for supporting this legislation and I look forward to the federal government considering the Fair Tax Act to allow more Tennesseans and Americans to thrive.”
House Joint Resolution 17 advocates for the repeal of the 16th Amendment to the United States Constitution, which authorizes Congress to collect income taxes on the American people.
The Fair Tax Act would establish a 23% national sales tax while offering American households a monthly prebate based on federal poverty levels to purchase necessary goods like food, shelter and medicine.
Voters in the Volunteer State in 2014 approved a constitutional amendment to prohibit Tennessee from ever imposing a state income tax. Tennessee is among the lowest-taxed states in the nation and holds the highest bond rating issued by all three of the nation’s credit agencies.
House Joint Resolution 17 will now be considered in the Senate.
State Rep. Jake McCalmon represents House District 63, which includes part of Williamson County. He is vice chair of the Calendar and Rules Committee and also serves on the State and Local Government Committee, Transportation Committee, Public Service Committee and Transportation Subcommittee.