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KTFA
Henig » January 28th, 2025
From Scott Bessent, the newly confirmed Treasury Secretary on X/Twitter just now: “As Treasury Secretary, I’m committed to eliminating income taxes, replacing them with a fair consumption tax, and adopting a gold-backed currency. We’ll erase debt, restore financial privacy, and unlock new technologies for a prosperous future. The golden age starts now.” https://x.com/Scott_Bessent/status/1884014609872609669
Here’s your bill submitted in Congress that intends to repeal the Federal Income Tax:
H.R.25 – To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.
Sponsor: Rep. Carter, Earl L. “Buddy” [R-GA-1] (Introduced 01/03/2025)
Committees: House – Ways and Means
Latest Action: House – 01/03/2025 Referred to the House Committee on Ways and Means.
(All Actions)
Tracker: Tip
This bill has the status Introduced
Here are the steps for Status of Legislation:
Introduced
Passed House
Passed Senate
To President
Became Law
Summary: H.R.25 — 119th Congress (2025-2026) A legislative analyst in the Congressional Research Service will begin analyzing this legislation after text becomes available. https://www.congress.gov/bill/119th-congress/house-bill/25
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Clare » January 28th, 2025
World Bank official pledges to Sudani to finance several oil, energy and infrastructure projects
1/28/2025
The Minister Mohammed Shia al-Sudani called on Tuesday on the World Bank’s Vice President for the Middle East and North Africa, Osman Dayon, to enhance the experience of economic reforms that support the private sector, while Dayon pledged the bank’s financing of a number of oil, energy and other infrastructure projects.
The Prime Minister’s media office said in a statement received by Shafaq News Agency that Al-Sudani received Dayon and discussed ways of cooperation between Iraq and the World Bank, and the progress of development projects in Iraq.
The Prime Minister pointed out that development projects that aim to maximize the non-oil economy and contribute to job creation are a priority for government attention, stressing the continuation of economic reforms that support the private sector, and that the World Bank is called upon to enhance this experience.
Al-Sudani explained that the government considers the World Bank an important partner in the reform process, and that the Ministerial Council for the Economy has approved the program that was approved by the Ministry of Planning in cooperation with the World Bank, especially since the results of the reform steps in the customs and tax fields have begun to appear in a tangible and positive way.
The meeting witnessed discussions on financing the old railway rehabilitation project, and financing a number of other development projects, as Dayon pledged to finance a number of oil, energy and other infrastructure projects.
The International Finance Corporation (IFC)’s contribution to financing a number of private sector projects was also discussed, according to the statement. LINK
Source: Dinar Recaps
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