This legislation aims to overhaul the U.S. tax system by replacing income, payroll, and estate taxes with a national sales tax, primarily managed by state governments. The central goal is to enhance economic freedom and fairness while simplifying the tax process for individuals and businesses. The bill proposes the complete repeal of federal income, payroll, and estate taxes, introducing a national sales tax of 23 percent on goods and services starting in 2027. This sales tax will be collected only once per transaction, reducing compliance costs and simplifying tax obligations.