Fair Tax Act 2025 Summary. The social security fairness act repeals wep and gpo, two provisions that reduce or eliminate social security benefits for certain federal annuitants. There is one version of the bill.

Some of the items for tax year 2025 that are likely to be of greatest interest to taxpayers include: This bill imposes a national sales tax on the use or consumption in the united states of taxable property or services in lieu of the current income taxes, payroll taxes,.