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The bill H.R. 25, known as the Fair Tax, proposed by Congressman Earl Carter, aims to replace federal income taxes with a 30% national sales tax. This legislation would eliminate all federal income-related taxes, including payroll, Social Security, and Medicare taxes. The 30% sales tax would be used to finance federal expenditures, including Social Security and Medicare. The bill is extensive, spanning 132 pages, indicating significant effort by lawmakers. The discussion surrounding this proposal invites opinions on its merits, with stakeholders encouraged to share their views on its potential impact.