Bill > HJR0017

This resolution urges the United States Congress to repeal all existing federal income-related taxes and implement a national retail sales tax as proposed in H.R. 25, the Fair Tax Act of 2023. The resolution argues that the current income tax system is overly complex, intrusive, and detrimental to economic growth, penalizing marriage, reducing savings and investment, and imposing excessive administrative burdens on taxpayers. By citing historical perspectives, including a quote from Alexander Hamilton, and drawing on Tennessee's successful experience with a consumption-based tax model, the resolution advocates for replacing income taxes, payroll taxes, estate taxes, and gift taxes with a broad-based national sales tax. The proposed change is expected to promote economic growth, enhance productivity, improve international competitiveness, and respect taxpayers' privacy. The resolution calls for Congress to consider state-level sales tax administration experience and recommends harmonizing federal and state tax collection efforts. Additionally, it suggests that the 16th Amendment (which established federal income tax) should be repealed. The resolution concludes by directing that a copy be sent to the President and Tennessee's Congressional Delegation.

Budget and Finance

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HJR0017&ga=114