Sen. Cardin To Discuss Consumption Tax Proposal
ANNAPOLIS, Md. (AP) -- Sen. Ben Cardin is scheduled to talk about his progressive consumption tax proposal.
The Maryland Democrat is discussing the proposal Monday with Maryland business leaders in Annapolis at the Maryland Chamber of Commerce.
Cardin's proposal would eliminate federal income taxes for most people in the country. It also would reduce the corporate income tax rate. Instead, Cardin is proposing taxing the purchase of goods and services.
The senator says a progressive consumption tax would improve the country's international competitiveness by putting American-based businesses on a level playing field with foreign businesses.
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