Whereas hardworking families have faced significant economic challenges over the past few years, including high gas prices, rising costs for groceries, and increasing rent and home prices due to record-high inflation; Whereas elected leaders should be working to relieve individuals in the United States of the financial pressure at the kitchen table, and pass legislation that brings down costs rather than raises prices; Whereas Republicans in Congress have introduced and plan to consider H.R. 25, the FairTax Act of 2023, which would impose a new national sales tax and increase the price of all goods and services by 30 percent; Whereas, under this legislation, it is estimated that, for a family in the United States— (1) the average yearly grocery bill would rise by $3,500; (2) the cost of buying a car would go up $10,000; and (3) the cost of buying a home would increase by $125,000; Whereas the price increases brought on by the FairTax Act of 2023 would disproportionately impact retirees, seniors, and those living on a fixed income by raising prices on individuals whose incomes will remain flat as prices rise; Whereas this misguided legislation, which places a financial burden on seniors and hardworking families, also eliminates all income taxes for the ultra-rich; Whereas in recent years, Republicans in Congress have given massive tax cuts to billionaires and giant corporations at the expense of middle class families; Whereas Republicans in Congress have suggested paying for past tax cuts for corporations and the ultra-wealthy by cutting Social Security, Medicare, and Medicaid; Whereas Democrats in Congress passed the largest middle class tax cut in generations through the American Rescue Plan Act of 2021 ( Public Law 117–2 ; 135 Stat. 4), which expanded the earned income tax credit and the child tax credit, cutting child poverty nearly in half in 2021