Fair Tax Act 2025 Passed. Budget 2025 income tax filing: Voters feel the economy isn’t working for them and want corporations and billionaire ceos to pay their fair share.

The fair tax act of 2023 (hr 25) would replace the federal individual income tax, corporate income tax, payroll taxes, and the estate and gift tax with a national retail sales tax. Legislation not passed by the end of a congress is cleared from the books.