USA Tax
Template:Short description Template:Use American English The USA Tax Act (Script error: No such module "Ordinal".-congress/HR/Template:Replace HR Template:Replace), short for "Unlimited Savings Allowance", was a bill in the United States Congress for changing tax laws to replace the federal income taxes with a progressive consumption tax on households and a value-added tax on businesses[1] . Lawrence Lokken credits Irving Fisher[2] with the insight that consumption can be taxed by taxing income minus savings.[3] See also a later version of Lokken's book.[4] The first bill (Script error: No such module "Ordinal".-congress/S./Template:Replace S. Template:Replace) was introduced in the United States Senate in April 1995 by senators Sam Nunn (D-Ga.)[5] and Pete Domenici (R-N.M.).
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