One of the promises House speaker Kevin McCarthy (R-CA) made to the extremist members of the Republican conference to win his position was that he would let them bring the so-called Fair Tax Act to the House floor for a vote. On January 8, Representative Earl “Buddy” Carter (R-GA) introduced the measure into Congress.

The measure repeals all existing income taxes, payroll taxes, and estate and gift taxes, replacing them with a flat national sales tax of 30% on all purchased goods, rents, and services (which its advocates nonsensically call a 23% tax because, as Bloomberg opinion writer Matthew Yglesias explains their thinking: “if something sells for $100 plus $30 in tax, then it’s a 23% tax—because $30 is 23% of $130”). The measure abolishes the Internal Revenue Service, leaving it up to the states to administer the tax.

The bill says the measure will “promote freedom, fairness, and economic opportunity.” But a 30% sales tax on everything doesn’t seem to do much for fairness or economic opportunity for all, since it […]