Any word on what's going on with H.R.25 right now? I mean what's the progress? I haven't heard anything, thought one of you might know. Any changes made? Opposing plans? Maybe a date for the next step? I've been reading up on proposed Social Security changes, and wonder if they would go into effect at the same time. Fair Tax refers to Social Security only in terms of section 201 of the Social Security code. The Social Security plans all refer to payroll deduction. It seems the two should go hand in hand...
Any word on what's going on with H.R.25 right now? I mean what's the progress?
Just re-introduced into the current session of Congress a few days ago.
Any changes made?
No, wouldn't expect any until after hearings on it.
Opposing plans?
There are several competing proposals such as Armey/Spector Flat Tax, USA Tax etc. Haven't seen their re-intoduction yet.
Maybe a date for the next step?
That is up to the congressional leadership to set hearing dates and such, too early to know on that stuff.
Fair Tax refers to Social Security only in terms of section 201 of the Social Security code.
It funds Social Security from retail tax revenues repealing the current SS/Medicare payroll taxes, what more would you expect from a "Tax" reform bill?