House Republicans introduced the FairTax Act of 2023 in January, and if it passes, a national consumption tax would replace the current tax system. Keep reading to find out how it would work and what ...

Do you live in a state that has a high sales tax? A state that imposes no sales tax at all? Consumption tax, the category that includes sales tax, is often a footnote at the end of a receipt, but it ...

Federal Reserve Chairman Alan Greenspan met with President Bush's Federal Advisory Panel on Fundamental Tax Reform on Thursday. He said a system that combines elements of consumption and income taxes ...

The following is a lightly edited transcript of remarks made by Pamela Denise Long during a Newsweek debate about the House GOP plan to abolish the IRS and to replace income tax with a national ...

South Dakota's commerce groups are pushing the argument that a food and consumables tax repeal measure — one that could save money for families at the grocer — is either a badly written piece of ...

LINCOLN — Backers of replacing virtually all state and local taxes with a new consumption tax announced a two-pronged effort to get the issue before voters Thursday. Paul Von Behren of Fremont ...