22. Department of the Treasury · Notable · Needs Congress
Replace the income tax with a consumption tax
Not started
“The public finance literature is clear that a consumption tax would minimize government's distortion of private economic decisions and thus be the least economically harmful way to raise federal tax revenues. There are several forms that a consumption tax could take, including a national sales tax, a business transfer tax, a Hall–Rabushka flat tax, or a cash flow tax.”
What has happened
- Not started
No action found yet. This entry is the starting point, not a finding.
- Action
- create
- Object
- federal consumption tax
- ID
- 1940