a consumption tax is unlikely to be adopted in the near term.
Making a fundamental shift to consumption-oriented taxation is a major change that may not necessarily be undertaken in the near term.
We understand that it is unlikely in the next month or two that we are going to pass a major tax reform proposal, and we want to make progre...
I introduced the Progressive Consumption Tax that would replace some of our income tax with a national consumption tax.
I want to thank the panel. I found this extremely helpful.
I think this committee needs to be in the leadership on tax reform.
I also want to join you in thanking Senator Hatch and Senator Wyden for their leadership in convening this hearing.
We use a credit method, not a subtraction method, which is, as you know, a difference.
The fundamental points that you all are raising, which are high tax rates on business, which are not competitive; the lack of simplification...
It is important to look at a broad spectrum and keep all businesses competitive.
I am not interested in getting rid of the Senate Finance Committee.