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National Sales Tax Seen As Likely by U.S. Experts
National tax experts predict a large portion of President Truman’s proposed 16.5 billion dollar tax increase would come from a broad sales tax on consumption. The idea faces political hurdles, but informants note dwindling income tax sources and the potential for a tax that hits all earners, including tax dodgers. Observers cite Britain and Canada to illustrate how a sales tax can curb inflation after exemptions for essentials.
MENTIONED IN THIS ARTICLE
U.S
Alliance
Truman
82Nd Congress
Congress
Senate Finance Committee
U. S