Dan Clifton, head of policy research at Strategas, warned that current trade policies effectively create a “pretty large consumption based tax” on American consumers that could represent a $ ...

After 2027, the consumption tax rate would vary based on government spending. The combined federal tax rate would be determined as follows: A 14.91% sales tax to cover general fund spending ...

Critics of the Fair Tax Act and similar proposals warn that a consumption-based tax system could disproportionately burden lower-income households and potentially widen wealth inequality.

Bear in mind, as a regressive tax, GST affects everyone, regardless of their income bracket. The Bottom 40%, Middle 40% and Top 20% will pay GST based on their respective consumption. According to ...