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- S.3529
S.3529: Progressive Consumption Tax Act of 2016
About This Bill
- Introduced Dec. 8, 2016
- Latest Major Action Dec. 8, 2016
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Progressive Consumption Tax Act of 2016 This bill amends the Internal Revenue Code to impose a consumption tax of 10% of the taxable amount of domestic goods and services. It exempts from such tax certain goods and services exported or used outside the United States. It also lowers individual and corporate income tax rates. The bill repeals specified income tax credits and deductions, except for the deductions for mortgage interest, charitable...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Dec. 8, 2016 |
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6926-6927)
|
| Dec. 8, 2016 |
Introduced in the Senate by Benjamin L. Cardin (D-Md.) |