Project 2025 Tracker / What’s done, what’s next

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

  1. Not started

    No action found yet. This entry is the starting point, not a finding.

Action
create
Object
federal consumption tax
ID
1940